Gold, crude light oil & Dec Wheat

Gold... continued FNL Pitch Fork

Sugar #11 H16... The big picture

One of the most important considerations when trying to identify and reveal "organic" support and resistance areas is HISTORICAL DATA. If you do not posess it you can buy/download it as a .csv file.
Here is just two of the reasons I identified the $11.00 area as a potential turning point.
1. Historical lower median line parallel ( green)
2. Rising/up sloping reaction line from the same historical PF (ABC). This PF contains 3 of the most significant pivots in the last 25 years.
Here is a link from a July post with the same charts
http://medianlinetrader.blogspot.fr/2015/07/sugarv15-and-oil-cl-q15-continued.html

Many opportunties abound. I am not a religious person but having been schooled in England in the 70's ( and this phrase used in a famous telegram from W.S.C to General Wavell in 1941) remember:  
Saint Matthew,Chapter 7,Verse7
"Ask, and it will be given to you, Seek and you will find it, Knock and the door shall be opened for you"
It is the same with chart interpretation.

Markets to watch: Corn, Gold, Sugar, Wheat, Coffee, Soybean complex... & that's just for starters!

 October Technical PDF excerpts available:

                      " Cycles come and cycles go:
You know the end of the global commodity slump is nigh when....."
For copy please send email with subject field "PDF" to: commodityreport@commodity-analysis.co.uk

For background analysis on these charts please see previous posts or links at the bottom of this post:

For previous links:
 http://medianlinetrader.blogspot.fr/2015/09/gold-line-that-keeps-on-giving-and-dec.html
http://medianlinetrader.blogspot.fr/2015/09/continued-gold-line-that-keeps-on.html
http://medianlinetrader.blogspot.fr/2015/09/gold-and-wheat-z15.html
http://medianlinetrader.blogspot.fr/2015/09/gold-and-mini-dow-sugar-and-cocoa.html
http://medianlinetrader.blogspot.fr/2015/08/cocoa-and-sugar.html