Monday, June 8, 2009

Potential Trade Patterns (Samurai)

There's a potential double top pattern forming in the Sep Cocoa. A close below 2663 tomorrow would activate this pattern. Look to get short @ 2662 and exit on close if market is not below.

There's a potential symmetrical triangle pattern forming in July Corn. A close below 433.75 tomorrow would confirm this pattern. Look to get short @ 433.50 and exit on close if market not below.

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