Jul Rough Rice produced a 1-2-3 bottom formation. An entry to the upside was triggered on May 16. The stop loss can now be moved to below the June 05 low. The initial target is the bottom of the blue daily resistance zone near the 13.685 level.

Last week I wrote. . . Jul ULSD NY Harbor has developed a second #2 point. Keep watching for a second #3 point to take shape and a possible long entry. 

A second #3 point did form via the low on May 30 (confirmed on June 02). A long entry could have been taken on June 03 when price broke above the June 02 high. The initial stop loss can now be placed just below the June 04 low. The initial target is the green horizontal line at 2.1531 (drawn off the close of the #2 point).

Sep 30-Year T-Bond has established both a #1 and a #2 bottom point. Keep watching for all of 1-2-3 strategy criteria to be fulfilled.

Jul Cotton #2 has produced a large 1-2-3 bottom formation. A break above today's high will trigger a long entry as early as the next trading session. The initial stop loss can be placed just below the #3 point.The initial target is the blue horizontal "cut-through" trend line at 67.96. 

Oct Sugar #11 is close to forming a new #1 bottom point—a break below the January 21, 2025 low would confirm it. If that happens, I'll start monitoring for a potential 1-2-3 bottom formation. For now, I'm staying on the sidelines.