Friday, July 11, 2014

Reversal in some softs today?????

My last post on sugar was off as the w2 is not finished on the downside.  I am however buying this breakdown here this morning on a .618 fib number on the weekly chart for a possible finished w2. and just short of .618 on the daily chart at 16.93. I would like to see a reversal here and a close back above the yesterday's high.

Cotton thread---- I am also buying cotton this morning under 68 basis dec.. Let's see if we reverse? 

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