For Mar Rough Rice, I previously wrote. . . "the break above the January 06 high triggered an MET long entry on January 13. The stop can now be moved to just below the January 20 low. The first upside target is the blue resistance line at 11.000."
The initial target was hit on January 26. Stops on any remaining positions can be moved to just below the January 28 low.
Last week, I wrote: “Mar Soybean Oil triggered an MET entry when it broke above the September 16 high of 54.40. The initial stop loss was placed just below the January 22 low at 53.55, with an initial target at the monthly chart 50% level of 56.56.”
That stop loss was triggered on January 27.
Mar Wheat March Wheat has moved higher without providing a valid entry. For now, I remain on the sidelines and continue to watch patiently.
The Mar British Pound made a new #1 top point at 1.3869 (the high on January 27). Keep watching for all of the 1-2-3 strategy criteria to be met.
The new possible #1 bottom point for Mar Cocoa is today's low at 3931 (made between a monthly and weekly chart support zones). Keep watching for all of the 1-2-3 strategy criteria to be met.
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