LUMBER: Lumber settled higher once again acting like it will test its highs back on the 22nd of June but now also forming a potential top. Lumber does havegood support under 220 basis the September contract.
COCOA : Cocoa settled slightly lower and did come within 26 points form my 2400 objective. However, I still look for cocoa totest that area again.
SUGAR: Sugar made a new contract high before settling lower in a reversal type action. Still sugar looks extremely bullish technically.
COTTON: Cotton settled lower this time and still should work lower overall with good resistance starting above 5800 basis the December new crop contract as seen below. My objective, for now, is still the 5400 area. SELL SIGNAL. CALL FOR DETAILS!
COFFEE: Coffee settled lower continuing to hold a strong support area(11500-12500) basis theSeptember contract.
ORANGE JUICE:OJ made its lowest close since the middle of March with lower closes 18 out of the last 19 trading sessions.