CommodityTrends Weekly Newsletter
Grains
Dec Oats has developed #1 and #2 bottom points. Keep watching for a #3 point to take shape.
Dec Soybean Oil produced new #1 bottom point today. Keep watching for all of the 1-2-3 strategy criteria to be met.
Meats
Oct Lean Hogs has rallied and is now inside of a daily resistance zone. Keep watching for an inverted fish hook to develop to set up a possible trading opportunity to the downside.
Foods/Softs
Dec Cotton #2 made a new 12 month low on July 24 and is on the verge of breaking below that low (the #1 point). Keep watching for a chart pattern to take shape.
Oct Sugar #11 produced a new #1 bottom point this week. Keep watching for all of the 1-2-3 strategy criteria to be met.
On the date of publication, Jim Prince did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.