CORN - Looks like it wants to break down again and complete the first leg down. Corn has potential to move sharply lower here during the completion of the first leg. Please understand that this most recent decline is just one in a series to come.
HOGS - Continue to move sharply lower with a real possability of a mini collapse in here, potentially a limit down move. Hogs have transitioned to a negative intermediate term trend.
CRUDE - Looks like it will break lower again.
COCOA - Sharply lower today, should have more of the same over the next few days.
LUMBER - Possible swing low established, needs just a bit more upside to confirm the potential bottom. Lumber has some excellent upside potential much like sugar.
SUGAR - Starting to shape up well, but it is still not out of the woods yet. We have to make sure this rally is not just to fill the gap from Monday.
U.S. DOLLAR - Appears to have made an intermediate term swing low. Need some confirmation, but could have a pretty sizable rally here!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment