COCOA - No change in the intermediate term analysis. The trend remains down and there still remains a high probability of some very quick heavy selling in the offing.
CORN - Intermediate and Long Term Trends remain down on Corn. I posted some key resistance areas to look for any counter trend rallies to terminate, so please refer to the intra-day posting I made.
CRUDE OIL - The June Contract looks like it wants to test the $66.20 resistance area again. my analysis on Crude still has not changed. I am very bearish.
SUGAR - Once again Sugar is attempting to find a bottom and stabilize. The action today was positive, with an inside day and a very tight range, however, Sugar has been rampant with false starts so we need more evidence that the trend has in fact shifted.
HOGS - Continue to form a major top. I do think the high is in and although we had a decent rally today the ultra-short trend should shift back to negative very soon. I am looking for Hogs to have quite a decline Intermediate term.
10 Year T-Note - Look for rates to continue to go up a bit here after a decent rally in the 10 year notes. Not much downside really in the T-Notes and the Intermediate Term Trend on the 10 year interest rate continues to be Down.
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