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hopscotch Updated 

December Canadian Dollar head and shoulders last shoulder developed. Fall below pivot at .75405 may indicate a drop to S2 .74805, minimum height of last shoulder.

hopscotch Updated 

DEC Live Cattle has created a bull flag with a reverse head and shoulders with a bowl shape. Expect continued rise to at least height of last shoulder putting it at 115.625.

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Soybeans could now be on its final shoulder the H&S For November needs to break upward trend for significant action. If it rebounds off uptrend then continued move higher is likely.

hopscotch Updated 

December Live Cattle has topped out the last shoulder and has gone to a spinning top. Expect drop Wednesday down to 121.250 at about the 2 day moving average. If it can go below this mark and stay below, then pivot at 120.775 would be the next target. Neckline comes in at about 120. If we see a fall through this target, height of right shoulder comes in at S2,...

hopscotch Updated 

June Milk Bear Gartley. Retrace possibly back to pivot. Milk is still bullish as summer approaches.

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We may have a Three Drives scenario with Jun CAD. USD was looking like a Head and Shoulders this past two weeks. CAD caught in sideways action. S1 at .74545 would become support for this move. Could also use S2 at.74090. Will have to wait and see.

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Milk is creeping towards a Bear Butterfly at 15.95. Milk should continue bullish after a retrace. This could then turn into an Elliot Wave above 16.

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A possible bear gartley for May Soybean. Above the 20 day moving average. Next target R1 at 313.7

hopscotch Updated 

April Milk formed a bearish Cypher last week. Higher prices were rejected on Thursday. Target maybe the 20 day Moving Average for another rise further up. Pivot at 14.92 would be first target before MA. If it falls through the MA then S1 would be the next available target at 14.55. If we get a rise on MA then we might be moving towards an Elliot Wave upwards....

hopscotch Updated 

AUD fell today after posting higher move last night for top of possible right shoulder. Nearing neckline at .7042. Tomorrow should show either a reversal or continued selling to neckline. Outside target for right shoulder height and fall if this does come due is S1 at .6953 and perhaps S2 at .6840. That would put it below a double bottom so not sure if would go that far.

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Cattle formed a head and shoulders. Has now crept below the neckline. Target is pivot at 126.450. Outside target for right shoulder S1 at 124.150 or my imaginary uptrend line just above. December Cattle also building out H&S, but that market hasn't completed pattern. If it can break pivot then we should see continued selling. Pivot right now has become support.

hopscotch Updated 

March Bean Oil is building out what looks like a head and shoulders. Dropped today and heading for neckline at 29.73 to finish off the head. Right shoulder top needs to be formed before any trade can be entered.

hopscotch Updated 

March Milk looks to be setting up a bear bat to R1 at 14.95. Milk has been in a tail spin downward for a long while and don't see any reprieve just yet. Milk may go to R2 as this would produce a double top. Rise in prices have been due to good sales in Pizzerias for Super Bowl and now for NBA all star week today. Inventories still high for cheese so would expect...

hopscotch Updated 

Dec Live Cattle is building out a H&S. Break out above R2 at 118.375 will cancel this move. R1 at 117.625 has become substantial resistance. If H&S comes to fruition, fall back to upward trendline and we would assume a continued uptrend. If trend fail, then possible fall to 114.500 at S2. Neckline comes in around 116.800 and pivot at 116.425

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We may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears...

hopscotch Updated 

Bank of Canada holds off interest rate hike. Possible bear Gartley as S2 holds and becomes resistance at .76050. Possible drop to pivot at .74285. May continue to Double bottom S1 at .73200. Oil prices finding resistance at 52.500, may begin to drop again.

hopscotch Updated 

Hogs index started to rise beginning of week. April market well ahead of index. Head and shoulders appears to be developing. Right shoulder may climb a little higher before fully developing, or it may fall from here. Keeping a watch to see if market breaks pivot and stays above. R1 would be significant resistance at 71.325. Neckline at S1 66.325. Let's see what...

hopscotch Updated 

It appears Soybeans has created a last shoulder of an H&S. Now at pivot. Neckline at 890. Projected fall to height of last shoulder below S2 868'2. Possible double bottom at S3 845'2.