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Intraday price analysis for chosen Softs

1. Sugar # 11 [SB]: Holding 12.66 expect 12.94. If we take out 12.94 in the intraday expect at least 13.09. To the downside, inablity to hold 12.66 has us targeting 12.51 initially and on continued selling expect 12.27.

2. Coffee 'C' [KC]: Coffee is trying to surmount 111.10 and in the overnight price action has scaled past 110.37 the secondary support level. If we are able to hold 111.10, we could be gunning for 112.52 today. Inablilty to hold 111.10 may have us revisiting 110.37 then 109.18.

3. Cotton # 2 [CT]: In today's price action holding above 76.64 has us targeting 77.22 falling below 76.64 will most definitely tag 76.34 and below there has support at 75.85.

4. Cocoa [CC]: We are looking bullish here above 2103. If the intraday 2103 holds, we could see 2122 before the session ends. Below 2103 will want 2089 initially and then 2082 and inability to hold there will have us finding support at 2070.

5. Orange Juice [OJ]: Is losing momentum and is trading below secondary support and has the ability today to take out 141.73. If we hold above 142.56 expect 143.06 and on continued buying expect 144.05.

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About the author

Murali Sarma, Vice President of Business Integrations Inc., is an internationally known commodities analyst, author, trader and business consultant who has demystified commodity trading and introduced numerous futures trading strategies and indicators to traders - professional, non-professional and the novice trader - throughout the world. Murali began his trading career in the pre-dot-com bubble in 1998, electing to seek instruments to trade which had lesser volatility and offered more predictable analysis. From about 1999 to 2002, Murali traded out of the UK and moving to the US after that and working mostly independently with individual traders while learning from some of the best analysts and traders. While not being formally certified as a commodities trader, Murali preferred to hone in on his analysis and trading skills versus adding academically to his credentials. Murali believes that is isn’t about being right or wrong on your calls, it is about making money!

Murali has helped several traders become successful over the last 10+ years of active futures trading and has a strong following of traders who like to seek out opportunities in the futures markets on a daily basis versus following the old “buy & hold” investing adage. While not being opposed to switching hats and becoming an “investor” every so often with swing trades in the equities markets, Murali prefers to trade what he can see on charts using multiple timeframes and handcrafted indicators suited for all types of markets. Murali excels in trading sideways and choppy markets with a scalping style of being in-out of intraday markets when there is no defined trend, and on most other days prefers trading to his own computed target levels during the intraday timeframe, while following the trend.

In recent months, Murali has started a Twitter based alert service for intraday futures traders who like to trade commodities and index futures, and elected to blog post his daily analysis in commodities like WTI Crude & Gold and index future instruments like YM, NQ, ES & RTY. You may contact him via his email at

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