Charts 2-3-11

Here are some charts for 2-3-2011; there are charts for corn, soybeans, MPLS Wheat, KC Wheat, CBOT Wheat, Crude Oil and the US Dollar.

NOTES- 

• MANY ARE SHOWING SOME SIGNS OF MOMENTUM DIVERGENCE

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As for outlook on prices there are a couple things that I don't care for to see; CBOT Wheat failure to close above Aug 5th high; corn failure to close decisively above key reversal high from a couple weeks ago

DOLLAR BOUNCED OFF OF SOLID SUPPORT  A FEW CHARTS HAVE SHOWED SOME STRUGGLES TO HOLD SOME BROKEN RESISTANCE AREAS WITH A FEW LEAVING DOJI LIKE CANDLES RECENTLY NEARLY ALL CHARTS SHOW OVER BOUGHT SITUATIONS ALL THE GRAINS SHOW STRONG UP TRENDS MANY CHARTS SUCH AS MPLS WHEAT AND CORN DON’T HAVE MUCH STANDING IN THE WAY ON THE UPSIDE UNTIL WE HIT RETRACEMENTS OR THE 2008 HIGHS