Confirmation still needs to be observed with a break-out this week:
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Silver - Back tested it's previous break-out last week. Looks ready to rock and roll, but needs to stay above 27.93.
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USD-JPY - Looks very close to completing it's 3rd wave impulse, which would then begin a multi-month irregular correction before a final 5th wave push up to my long standing target of 101 - 106:
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AUD-USD - The Aussie is exhibiting some bottoming action in my preferred support zone of 1.000 to 1.0200 for a final wave E of a mutl-month bullish triangle (previously posted). Eventual upside targets could reach 1.2000+, about 1800 pips from now.
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Cocoa - I've been looking for a solid bottom in this market for a few weeks, I think we may be seeing it now:
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Sugar - Also showing signs of putting in a significant bottom:
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Good Hunting,
Quad G
