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The Hightower Report said “February hogs closed near unchanged yesterday after testing retracement resistance. The uptrend since early August has shown some cracks over the last week but prices have not confirmed a top formation. If February falls below this week’s low, the uptrend would be broken.”
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The Hightower Report said, “Weak technical action to close out last week was a near-term negative for hogs and the inability to extend rallies…
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