Cocoa

 

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Without question, cocoa is the most bearish commodity within the entire commodity universe.  The market is trading near its lowest level in 10 years.  Eventually, the market could easily fall to the 1380 level if it generates a monthly close below 1756.  I am a seller of CCN7 @ 1805.  www.ReiterInvest.com 

Wheat

 

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ZWZ7 possibly formed an important bottom @ 4.53.  However, the bears are still in control of this market.  Wheat follows an 18-year cycle.  The market formed a long-term top in 2008.  Therefore (based on the 18-year cycle), wheat is scheduled to complete a long-term bottom in 2017.  I am a buyer @ 5.07.  I am a seller @ 4.55.  www.ReiterInvest.com

Euro FX

Euro FX has the most bullish chart pattern in the entire commodity universe. The market generated a "breakaway gap" on Apr 24th.  The gap has never been filled.  This is a very bullish sign for the Euro.  A close above 1.1282 opens the door for a move to 1.1408.  www.ReiterInvest.com 

E6M7-10