December Lean Hog is building out a Bearish Gartley pattern. Resistance comes in at 63.150. It came close to here a couple of times and looks like it wants to try again. If broken upside target is around 63.775. Big time resistance coming in at 64.250. If bulls can break this and stay above it, could be seen as another significant uptrend.
July Oats slid today and could be building out a bearish bat. Next downside target 234 then potentially 230'2 possibly meeting up with the 20 day moving average. Two trendlines are converging keeping this up and down situation probably for the next month. Oats ended the day below 240'6 previous support tracing back to 2016-12-14.
June Palladium is still on the move upward. Now building out a Bearish Butterfly, but needs to break resistance at 808.35 and stay above this to gather more steam. Upside target for bulls is 831.95 and then 846.55. Downside target for bears is 784.75 outside trendline. A wedge is forming here suggesting an upside surge. Overall target is 869.90
June Palladium is looking for more upside. Using 785 as support, but there is an underlining downtrend present. Upside target 813.65 and if it can break the double top, 832. If this fails and 785 breaks, downside target trendline at 772 and possibly 770. PA must clear 801 and stay above that to make any headway.
Wheat RSI has floored. Elliot wave 1-5 complete, and wheat is still trying to sell itself off of a bearish flag. There is an outside chance of this becoming a Shark. More likelihood a Bearish Cypher. If up trend forms, looking at 430'4 and then 444'2. After 452. This could also fall more into extension in which case target numbers may change.