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hopscotch Updated 

Milk looking like it may make a run to R2 at 16.24. Right now caught in channel. Waiting for confirmation out of channel and move to R1 at 15.96. Bear Gartley would be the pattern. Market rising above the 20 day MA which is a good sign. Lots of potential RSI to run.

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CCXI rising out of lows. Looking for rise cross the 20 day MA and up to pivot at 12.19. Good healthy RSI for a long run if it pans out. Their quarter results are today.

hopscotch Updated 

Wheat is showing the way for a possible up move for SM. FIrst upside target is breaking through 335, then pivot at 344.2. We will be coming to the end of pivots soon replaced with new ones, but pivot will be lower along with R1 and R2.

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MTG gapped up and making a run to 15.5. Made money last quarter and for higher highs. Next target R2 at 13.25, then R3 at 14.06

hopscotch Updated 

Live Cattle is using the green curve support line as launching areas for more upside moves. Looking for a move to R2 and maybe R3. Bulls have been supporting this market for a while now and don't see any end in sight short term. Because of China trade issues, cattle is lower than what it should be by this time of year being bbq season. Right now I have a bearish...

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Nova Measuring Instruments NVMI bounced off a low at S3 and has crossed the 20 day MA today. See further movement upward to at least R2 at 29.55 and possible R3 at 30.48. NVMI made money last quarter beating estimates by 12.33%. RSI is climbing and has a lot of running space to make an upward run.

hopscotch Updated 

Cattle met target and now is retreating. New pivots have been formed and cattle's next downside target is pivot at 111.875. Market has been sandwiched between the two trend lines. Expect continued sideways trading.

hopscotch Updated 

Light Crude is moving up a channel right now. It is also evident that a head and shoulders / three hills bear formation might be here. Prognosticators speculate that oil will hit $80 this year. This would negate these two patterns. Keeping a watch on this pattern for now. It's slow move with large cross overs to each candle suggests no real interest in pushing...

hopscotch Updated 

CAD is a trapped in a three drives downward channel. RSI is really close so either we will get a breach of the channel above pivot, or another lower run below pivot to S1 at .75111

hopscotch Updated 

August live cattle moved higher Friday. Bear Bat predicted. Next upside target for the bulls is S2 at 108.100. Live cattle likes to double tops so we might see a run up to 115.575. With barbecue season here, this market should have a tendency to move higher, so how much of a decline we will see is unknown at this time.

hopscotch Updated 

August Soybeans is nearing S3 at 966'2 and almost depleted RSI. This will give us a double bottom and a Bull Butterfly. This market could jump up then continue down into the 954 area and 935, although 935 might be a long shot. We might get a W bottom or sideways channelling down here.

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Acorn, ATV has created another in a long line of flat bottom wedges that have ended up being explosive uptrends. if ATV leaves this wedge upward R3 at 46.16 is target.

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Endeavour Silver EDR on the TSX up-trending breaching the banner. Target R3 at 4.26. High point for a potential short run might be 4.40 putting RSI overbought.

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Cemex CX may make a run and break downtrend line. Popped up today and broke out of bear flag. If this doesn't break downtrend and push higher this is a no go. Now using 20 day MA as support. Pivots are quite compact on this market. Will look at run to R3, then make a decision what to do from there.

hopscotch Updated 

August Light Crude building out a possible bullish Cypher. Market in the last 2 days are slowing and RSI is nearing bottom. Market reached S2 at 64.225 and could drop possibly to S3 at 61.600. At the moment we are seeing just under S2 at previous months S1. Cross over 20 day MA and rise back above S1 would be determining factors for another move higher.

hopscotch Updated 

August Milk tanked today forcing RSI right down to near bottom. S3 target now for Milk at 16.03. Milk stayed below S2 in trading today suggesting continued selling. We may see some horizontal trading a bottom.

hopscotch Updated 

September Canadian dollar tracks sideways and lower. As Crude goes, so goes the CAD. If production is increased overseas, this market will continue to trend lower. Bear target right now is S2 .76480, followed by S3 at .75755. RSI triangle will need to be breached for any significant downward action. 20 day MA becomes resistance for any upward movement. This is...

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BTE dropping off of highs. Predict drop to S3 uptrend around 3.55. If fail this is a no go. Would look for rise between R2 and R3 at 5.00. Need RSI to deplete more. Possible Bull Cypher pattern.