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- HOGO Q2 Futures – Technical Update - 9/11/25
HOGO Q2 - Technical Update
Price pulled back to the 38.2% Fibonacci retracement of the Summer 2024 low to June highs.
After two consecutive closes below the lower Bollinger Band, price tested key support again at 14.53 today.
A bullish reversal bar has formed, with a close back above the lower Bollinger Band—a constructive short-term signal.
Stochastic momentum is deeply oversold and beginning to turn higher, suggesting potential for a rebound.
Key upside levels to watch:
16.36 – 20-day moving average
17.72 – Upper Bollinger Band
20.19 – June high (extension target and next major resistance)
Risk to the setup:
A close below 14.53 would invalidate the bullish reversal, opening the door for a deeper correction toward 12.76 (50% Fibonacci retracement).
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