Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 26, 2013 16:51:33

Price of pork can grow



ColosseumFrom the perspective of technical analysis on the market for pork (lean hogs), it is possible to observe the resulting formation of the double bottom. After breaking through the neckline formation is likely to further increase prices. The graph shows that the entire formation was created on supportní level, which is located on the price of 88 USc per pound, while after the previous downward trend that began in February. Expected potential movement is approximately the value 97 USc per pound. The current price of the futures contract for lean hogs with a month supply in June, which is traded on the Stock Exchange Chicago Mercantile Exchange (CME), is 91,325 USc per pound. Chart: The price of lean hogs adjusted for the effect of scrolling (Source: CSI) TO THIS MESSAGE MAY APPLY Decree No. 114/2006 Coll., On the fair presentation of investment recommendations. IN THIS REPORT IS THE PERSON STATED THAT THIS MESSAGE TO COMPANY ESTABLISHED OR PREPARED.ADMINISTRATIVE OFFICE THAT UNDERTAKEN BY OVER SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT. Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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