Commodity Chart - Pork Bellies Futures: Long Term Chart
Pork Bellies Analysis - June 29, 2006
Pork Bellies Futures - The Pork Belly market is usually quite volatile. The price reach an extreme level over 1.16 back in 2004. The price in now holding in the mid-90s. It looks like the Pork Belly market may be forming a Head and Shoulders pattern on the monthly charts. Of course, this will take a long time to develop on a monthly chart, but it could signify much lower prices in the future.
Outlook on Pork Bellies Futures: Remember, a failure of a Head and Soulders breakout is one of the best signals you can take. It lead to very powerful moves upward. Keep focused as there may be a dramatic move up or down over the next year or two.