October sugar closed up 65 points at 20.40 cents yesterday. Prices closed nearer the session high and hit a fresh six-month high yesterday. The key "outside markets" were in a bullish posture for the sugar market yesterday, as the U.S. dollar index was solidly lower, while crude oil and U.S. stock index futures prices were solidly higher. Sugar bulls have the solid overall near-term technical advantage. Bulls' next upside price objective is to push and close prices above solid technical resistance at 21.00 cents. Bears' next downside price objective is to push and close prices below solid technical support at 19.00 cents. First resistance is seen at yesterday's high of 20.54 cents and then at 21.00 cents. First support is seen at 20.00 cents and then at yesterday's low of 19.77 cents.

Wyckoff's Market Rating: 7.5

Source: VantagePoint Intermarket Analysis Software

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December coffee closed up 350 points at 181.95 cents yesterday. Prices closed near mid-range yesterday. The key "outside markets" were in a bullish posture for the coffee market yesterday, as the U.S. dollar index was solidly lower, while crude oil and U.S. stock index futures prices were solidly higher. Bulls have the near-term technical advantage. Bulls' next upside objective is to close prices above solid technical resistance at the August high of 188.65 cents. The next downside price objective for the bears is closing prices below solid technical support at last week's low of 165.35 cents a pound. First resistance is seen at this week's high of 184.30 cents and then at 186.50 cents. First support is seen at 180.00 cents and then at this week's low of 176.80 cents.

Wyckoff's Market Rating: 7.5

December cocoa closed down $1 at $2,735 yesterday. Prices closed near mid-range yesterday. The key "outside markets" were in a bullish posture for the cocoa market yesterday, as the U.S. dollar index was solidly lower, while crude oil and U.S. stock index futures prices were solidly higher. Yet, cocoa could not manage gains yesterday, which is another bearish clue. Price action Tuesday scored a bullish "outside day" up on the daily bar chart. There was not good follow-through buying interest yesterday and a bullish "key reversal" up was not confirmed. Bears have the solid near-term technical advantage in cocoa. The next upside price objective for the cocoa bulls is to push and close prices above solid technical resistance at the May low of $2,830. The next downside price objective for the bears is pushing and closing prices below solid technical support at $2,600. First resistance is seen at yesterday's high of $2,766 and then at this week's high of $2,779. First support is seen at yesterday's low of $2,707 and then at $2,700.

Wyckoff's Market Rating: 1.5.

December cotton closed up 121 points at 87.41 cents yesterday. Prices closed nearer the session high and hit a fresh two-year high yesterday. The key "outside markets" were in a bullish posture for the cotton market yesterday, as the U.S. dollar index was solidly lower, while crude oil and U.S. stock index futures prices were solidly higher. Cotton bulls have the solid near-term technical advantage. There are still no early technical clues to suggest a market top is in place. The next downside price objective for the cotton bears is to produce a close below solid technical support at 84.00 cents. The next upside price objective for the bulls is to produce a close above solid technical resistance at 90.00 cents. First support is seen at 87.00 cents and then at 86.50 cents. First resistance is seen at yesterday's high of 87.90 cents and then at 88.00 cents.

Wyckoff's Market Rating: 8.5.

November orange juice closed up 65 points at $1.4105 yesterday. Prices closed nearer the session high yesterday. Trading has turned choppy. Bulls and bears are on a level near-term technical playing field. The next upside price objective for the FCOJ bulls is pushing and closing prices above strong technical resistance at $1.4500. The next downside technical objective for the FCOJ bears is to produce a close below solid technical support at the August low of $1.3500. First resistance is seen at yesterday's high of $1.4200 and then at $1.4300. First support is seen at $1.4000 and then at yesterday's low of $1.3875.

Wyckoff's Market Rating: 5.0.

September lumber futures closed up $0.40 at $204.90 yesterday. Prices closed nearer the session high in quieter trading yesterday. The lumber bears still have the solid overall near-term technical advantage. Prices have been in a narrow, sideways trading range for nearly two months. The next upside technical objective for the lumber bulls is pushing and closing prices above solid technical resistance at the July high of $222.70. The next downside price objective for the bears is pushing and closing prices below solid technical support at the August low of $195.50. First resistance is seen at $206.50 and then at $210.00. First support is seen at yesterday's low of $203.00 and then at $200.00.

Wyckoff's Market Rating: 2.0.