€$.....another swing low here?

OK, here is the same reaction/warning line grid that i have been refering to since the weekend but if you take a minute to reproduce the same grid and scroll back and look at the interaction between price action and the RL's you will be left in no doubt that the relationship is strong.

Here is 15,30, 60 & 240 mins with the original RL's plus the recent bearish move downwards. I have also added the new yellow fork (this is a simple 'litmus test' to see where we eventually are going... up or down, by virtue of price actions natural attraction of the CL which will take a few weeks to play out and will indicate if this is a RT (A-B-C for Elliot Ravers) plus a simple Fib RT (which refers to the entire bull move). Remeber the most important RL's are the original ones

from the controlling swing (see here)

Lastly on the USD i was getting a bit concerned last week in my post.

http://medianlinetrader.blogspot.com/2010/08/chfis-this-starting-to-look-bullish-or.html

Lastly for today, i am becoming increasingly aware that there is something going one in the commodity markets, Agriculturals,grains, softs etc... are we enetering a new period where raw material costs are set to increase dramtically? If so how can we/i confirm this and take advantage once the confirmation process is complete?

Here is food for thought ( please excuse the pun)!

http://seekingalpha.com/article/219874-a-new-normal-for-commodities?source=email

and also

http://seekingalpha.com/article/219822-can-chinese-demand-boost-the-teucrium-corn-etf?source=email

I intend to look at a wider range of futures contracts on this blog and try to do some basic market geometry and reaction line work to establish if there is 'something going on-about to happen'