Sep Rough Rice has developed an up-sloping channel. A breakout to the upside could trigger a long entry. The initial stop loss could be placed below the June 16 low. The initial target is the bottom of the weekly chart resistance zone at 14.566. Keep watching.

Oct Platinum has developed a potential #1 top point. Keep watching for all of the 1-2-3 strategy criteria to be met.

Two weeks ago I wrote. . . "Jul ULSD NY Harbor has developed a second #2 point. Keep watching for a second #3 point to take shape and a possible long entry. A #3 point did form via the low on May 30 (confirmed on June 02). A long entry could have been taken on June 03 when price broke above the June 02 high. The initial stop loss can now be placed just below the June 04 low. The initial target is the green horizontal line at 2.1531 (drawn off the close of the #2 point)." 

The initial target was hit on June 09. If still trading additional positions, it's a good time to consider exiting them as price is now inside of a weekly chart resistance zone and forming a shooting star reversal candle (at the time of this writing). In addition, First Notice Day (FND) is July 02. 

Nonetheless, what a great move!  

I'm still watching for Sep 30-Year T-Bond form a #3 bottom point. Keep watching for all of 1-2-3 strategy criteria to be fulfilled.

Two weeks ago I wrote. . . "Jul Cotton #2 has produced a large 1-2-3 bottom formation. A break above today's high will trigger a long entry as early as the next trading session. The initial stop loss can be placed just below the #3 point. The initial target is the blue horizontal "cut-through" trend line at 67.96."

The buy order could have been executed on June 09. The stop loss could have been triggered on June 18.

I'll stop watching this market for now. 

Oct Sugar #11 developed a #1 bottom point. Keep watching for all of 1-2-3 strategy criteria to be fulfilled.