The New Zealand dollar looks to be setting up a failed head and shoulders pattern. It could also be interpreted as a double top. Depending on price going into closing I may go short today.
KC wheat looks to be setting up a descending triangle. I will be looking to go short with a closing below 790.
The DOW looks to be setting up a rectangle top.
Soybeans is forming an ascending triangle. I want to see a closing above 1550 before going long. This is by far the best-looking pattern of them all.
Chicago wheat could be forming a head and shoulder bottom. I will be looking to go long with a closing above the 810 level. A closing below 717 will invalidate this interpretation.
