Aside from 2 markets (Cocoa & Nasdaq 100) that are currently in active support/resistance zones, there are 3 other markets worth checking out. All are approaching possible turning points, but need to be watched closer for additional clues.
Corn:
Resistance Zone ~ 388-402
Possible sweet spot ~ 415-422
Wheat:
Resistance Zone ~ 472-500
Possible sweet spot ~ 490-500
Cotton:
Resistance Zone ~ 79.00-83.50
Possible sweet spot ~ 82.25-83.50
All 3 markets are close to becoming in play and I will make further posts as they develop.
Monday, February 13, 2017
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