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Posted by on April 3, 2008, 9:56 pm
July Sugar and July Wheat look like good shorts for tomorrow. Sugar
has traded within an obvious triangle pattern over the last couple of
weeks. Today's price action suggests that it may be ready to test the
lower end of the range of that pattern. Trend followers can wait to
enter on the breakout, while short term traders have a nice swing set-
up in place.
Wheat failed to follow through much on its bounce from yesterday and
looks ready to head lower for a nice short term trade.
Scott@kungfutrader.com
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