June Lean Hogs -(RD – April 3) The market traded below the prior low on Tuesday’s reversal date and closed inside a value zone (93.27 – 91.40). Look for the market to reverse and begin a short-term bullish rebound inside the value zone.
June Natural gas -(RD – April 3) Reached the median line on the May 3rd minor reversal date. I look for the market to pullback into the next reversal date due on May 5th and could form a new bullish reaction swing. Wait for pattern confirmation before entering a new position.
June Cattle – (RD – April 4) Market traded lower into reversal date and is currently testing support. Look for bounce to form new selling opportunity. Stand aside for new signal pattern
July Soybeans (RD- April 4) Soybeans tested the 60% sell window three times between April 21 and May 2. The market turned lower, after the third test failed to break resistance, and closed lower on Tuesday. This is a bearish swing trade setup and could trigger a fast drop into the May 16th reversal date.
July Bean oil (RD-April 4) Bean oil bounced off support on April 28, but failed to rally. Market is stuck in a wedge ad waiting for breakout.