17th Jul - Grain Markets Are Pushing Higher
17 July 2012
DAILY CHART – Nov-12 :
After the recent push through the channel top projection focus remains on the Fibo projection at 1575.00, with little sign of the bulls tiring. This lies not far from the 1663.00 2008 peak on the continuation chart (not shown). A break higher would call for higher Fibo targets, such as 1662.00 which interestingly exactly coincides with that peak.
Support is offered by the 1400.00 area now.
DAILY CHART – Sep-12:
After recent breach of the 729.25 21-May high continued recovery has now neared the 880.00 76.4% level, with a Fibo projection around 900.00 not much above – these offer next potential resistance.
Support comes from that 729.25 21-May high now.
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17th Jul - Uptrend in USD/CHF Remains Firm 
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12th July - Watch the Yen Bonds go bid