Softs Market Commentary

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March sugar closed down 62 points at 22.82 cents yesterday. Prices closed nearer the session low yesterday and hit a fresh 6.5-month low. The key "outside markets" were bearish for sugar yesterday, as the U.S. dollar index was firmer and crude oil prices were sharply lower. Sugar bears have the overall near-term technical advantage and gained fresh downside momentum yesterday. Sugar bulls' next upside price breakout objective is to push and close prices above solid technical resistance at last week's high of 24.25 cents. Bears' next downside price breakout objective is to push and close prices below solid technical support at 22.00 cents. First resistance is seen at 23.00 cents and then at yesterday's high of 23.53 cents. First support is seen at yesterday's low of 22.68 cents and then at 22.50 cents. Wyckoff's Market Rating: 2.0 Source: VantagePoint Intermarket Analysis SoftwareCall now and you will be provided with FREE recent forecaststhat are up to 86% accurate* 800-732-5407If you would rather have the recent forecasts sent to you, please go here March coffee closed down 565 points at 217.30 cents. Prices <a href="http://www.louisvuittonoutletstoresonlines.com"><strong>L ouis Vuitton</strong></a> closed near the session low yesterday and hit a fresh 12-month low. The key "outside markets" were bearish for coffee yesterday, as the U.S. dollar index was firmer and crude oil prices were sharply lower. Coffee bears have the solid overall near-term technical advantage and gained more downside momentum yesterday. The coffee bulls' next upside breakout objective is to close prices above solid technical resistance at 232.50 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at 210.00 cents a pound. First resistance is seen at 220.00 cents and then at yesterday's high of 222.90 cents. First support is seen at yesterday's low of 217.25 cents and then at 215.00 cents. Wyckoff's Market Rating: 1.0 March cocoa closed down 60 at 2,183 a ton. Prices closed nearer the session low yesterday and scored a bearish "outside day" down on the daily bar chart. The cocoa bears have the overall near-term technical advantage. The next upside price breakout objective for the cocoa bulls is to <a href="http://www.louisvuittonukhandbagsuk.com"><strong>Louis Vuitton</strong></a> push and close prices above solid technical resistance at 2,350. The next downside price breakout objective for the bears is pushing and closing prices below solid technical support at the contract low of 1,983. First resistance is seen at 2,200 and then at 2,250. First support is seen at yesterday's low of 2,155 and then at 2,100.Wyckoff's Market Rating: 2.0. March cotton closed down 219 points at 85.12 cents yesterday. Prices closed nearer the session low yesterday and hit another fresh 12-month low. Cotton bears have the solid overall near-term technical advantage. However, this market is overdone on the downside and due for at least a corrective bounce very soon. The next upside price objective for the bulls is to produce a close above solid technical resistance at 90.00 cents. The next downside price breakout objective for the cotton bears is to push and close prices below solid technical support at 82.50 cents. First support is seen at yesterday's low <a href="http://www.louisvuittonukhandbagsuk.com"><strong>Louis Vuitton UK</strong></a> of 84.35 cents and then at 84.00 cents. First resistance is seen at 86.00 cents and then at 87.00 cents. Wyckoff's Market Rating: 1.0 January orange juice closed up 40 points at 1.6775 yesterday. Prices closed nearer the session high yesterday on short covering. Chart damage has been inflicted recently. The next upside price breakout objective for the FCOJ bulls is pushing and closing prices above solid technical resistance at 1.7250. The next downside technical breakout objective for the FCOJ bears is to produce a close below solid technical support at 1.6000. First resistance is seen at 1.6885 and then at this week's high of 1.7035. First support is seen at yesterday's low of 1.6600 and then at 1.6500. Wyckoff's Market Rating: 5.5. January lumber futures closed down 4.90 at 224.70 yesterday. Prices closed near the session low. The lumber bears have the solid overall near-term technical advantage. The next downside technical breakout objective for the lumber bears is pushing and closing prices below solid technical support at the contract low of 218.20. The next upside price breakout objective for the bulls is pushing and closing prices above solid technical resistance at 235.00. First resistance is seen at 227.50 and then at 230.00. First support is seen at 222.50 and then at 220.00. Wyckoff's Market Rating: 1.5 Get Your FREE Recent Forecats �