Jan Rough Rice made a new #1 top point at 18.795 (on Nov. 12). Keep watching for a chart pattern to develop.

Jan Platinum has formed a #1 bottom point at 1,388.9 (made Nov. 4). Its #2 point is 1,587.70 (the high on Nov. 10). Keep watching for all of the 1-2-3 formation criteria to develop.

The Dec Swiss Franc contract established a new 12-month low today, potentially marking a new #1 bottom point. However, for this point to be confirmed, we need to see a higher low form to the right of today's low. Until then, we'll continue to monitor the market and watch for further developments.

Feb Lean Hogs has developed a new #1 bottom point at 58.550 (the low on Nov. 06). Keep watching for all of the 1-2-3 strategy criteria to be met.

Mar Cotton #2 is trading in the midst of a large flat-bottom triangle. A breakout to the downside will trigger an entry in that direction. Keep watching.

Mar Sugar #11 developed a 1-2-3 top formation, and we've already taken profits on this setup, as discussed in my Daily Trading Video. That said, the market continues to drift lower. If you're paper trading any additional positions, consider adjusting your stop loss to just above the November 5 high to help protect any remaining profits.

Extreme Networks (EXTR) is getting close to triggering an MET near the bottom of the price gap (light blue rectangle). If an entry is triggered, a stop loss could be placed below the recent lows, depending on your personal risk tolerance. The initial upside target would be a move to fill the price gap. Keep watching for a potential entry opportunity.