Thursday, August 14, 2014

Softs and some currency.

-Sugar has been trying to break higher but has been unable to do so. We are still in the possible deep wave 2… holding long positions in mrch and may. 

- dec cotton has been grinding higher as of late with a possible start of the wave 4 higher towards 67-69 in a deep correction. Holding long from just under 64.00

- British pound : the pound is now trading at a possible wave 4 level so will be watching this level to hold.

- Euro currency : looks to be in a w4 triangle with the E wave higher still to be completed. With a push lower to possibly 13320. Currently flat as of this writing

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