Wednesday, February 17, 2016

Feb. 17, '16

April Lean Hogs (/HEJ6): 
Perfect ascending triangle breakout.
Long 71.15, measured target 74.40.
Also some confluence of resistance on daily chart there:
March Cotton (/CTH6):
Previous bearish channel where prices rallied and failed at 50%Fib & channel low levels. Now a new bullish channel is developing. Good place to get long around 59.50/59.40. Risk 58.95 = .55 ($550 on 2 lots).
May Coffee (/KCK6):
Triangle breakout potential here with upside measure target at 121.50/122, downside target 112.50/112.00.
May Sugar (/SBK6): 
Trendline breakout. Long 13.30 yesterday. Target 14.00, second target 14.35.
**starting to look like it's still balancing a bit sideways; needs support at 13.00 to save this over next 2 days, I suspect.

TOS GUI crashing... Will continue other thoughts, observations tomorrow morning.

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