Jul Soybean has developed a large 1-2-3 bottom formation. Per last week's letter, a break above the April 24 high would trigger an entry to the upside, which occurred on May 02. The initial stop loss can be placed below the May 01 low. The initial target is just below resistance of the #2 point (1225-6).

Jul High Grade Copper has developed #1 and #2 top points of a 1-2-3 top formation. Keep watching for a #3 point to take shape.

The Jun Euro FX retraced to the nearby blue daily resistance pause zone today. Per last week's letter, "a close below the uptrend line could have triggered an entry to the downside. The initial stop loss could have been placed just above the April 26 high," which would have been triggered today.

Jun Gasoline RBOB developed a 1-2-3 top formation. An entry to the downside was triggered on May 01. The stop loss can now be moved to the entry price (breakeven). The target is the blue daily support level (horizontal line) at 2.4925.

Jun Lean Hogs has developed a 1-2-3 top formation at a monthly chart resistance level (purple line) and above an old weekly chart resistance zone (gold rectangle).

In last week's letter I wrote: "A retrace to the top of the weekly zone near 105.000 could provide a potential entry opportunity to the downside."

Price did retrace, but not far enough to consider an entry. The market has since sold-off. I'm still watching from the sidelines.