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CommodityTrends Weekly Newsletter
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Grains

Jan Rough Rice made a new #1 top point yesterday at 18.115. Keep watching for a chart pattern to develop.

Dec Soybean Meal made a #1 top point the high at 376.9 (on September 24). The #2 point is the low at 344.20 (made on Oct. 05). The #3 point is the high at 368.20 (made on Oct. 08). The pattern is in force and price is currently vacillating near the #2 point. 

Financials

Dec 10-Year T-Note made a #1 bottom point at 103-285 (the low on Oct. 01). The #2 point is 105-290 (the high on Oct. 15). The #3 point is 105-015 (the low on Oct. 21). The #3 point was confirmed after the close of the HUGE move up on Oct. 22. However, it moved so quickly and so far that an entry wouldn't have been plauseable until the confirmation candle closed. Therefore, no entry based on the pattern. That said, there's now a new #2 point (the high on Oct. 22). Keep watching for another #3 point to take shape. 

Meats

Dec Lean Hogs has developed a new potential #1 bottom point at 65.050 (the low on Oct. 22). Keep watching for all of the 1-2-3 strategy criteria to be met.

Foods/Softs

Mar Sugar #11 made a #1 top point at 21.29 (the high on Oct. 14). Keep watching.

Nov Orange Juice is still trading inside of its very large triangle that began back in the latter part of July. Since OJ remains inside of this giant range and because FND is November 02 and Last Trading Day (LTD) is November 09, I'll stop watching this market.

Stocks and Exchange Traded Funds

I'm still watching PRGO to see if it will trigger a possible MET. The gap above (highlighted in blue) looks inviting. So I'll be patient and keep watching.

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