Trading Idea - Lean Hog, 13-03-2023 | IFCM Iran
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Trading Idea - Lean Hog, 13-03-2023

Trading Idea - Lean Hog, 13-03-2023

Trading Signal: #C-LHOG

OrderSell
DirectionBearish
PatternTrading in downward channel
IntervalDaily
Length (Candles)2

Idea Summary


The medium term Lean Hog price forecast is bearish. The LHOG price is testing the upper bound of downward trading channel. Most likely the price will fall below the upper bound while there is small likelihood it may continue rising and break above the upper boundary.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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