May Wheat has a potential MET entry level above the Feb. 12 high. I'm still watching from the sidelines.
May High Grade Copper has developed a large 1-2-3 top formation. An entry to the downside can be considered on a break below the Feb. 2 low. Stops can be placed above recent resistance levels. The initial target could be the bottom of the weekly chart support zone near 5.2100.
The Mar British Pound made has developed a large 1-2-3 top formation. An entry to the downside can be considered on a break below today's low. Stops can be placed above resistance of the #3 point. The initial target is the weekly chart support level near 1.3387.
May Cotton #2 has developed a #1 bottom point at 62.86 (made Feb. 06). Keep watching for all of the 1-2-3 strategy criteria to be met.
To allow more time for a formation to develop I've switched from watching March Cocoa and will begin watching May Cocoa. Its new possible #1 bottom point is today's low at 3652 . Keep watching for all of the 1-2-3 strategy criteria to be met.
The Mar Dow Futures Mini made a new #1 top point at 50,611 (the high on Feb. 10). Keep watching for all of the 1-2-3 strategy criteria to be met.
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