Eoin Treacy's view Canada TSX – found support above 11,000 from mid-May and has held a progression incrementally higher reaction lows subsequently. The Index pushed back above the 200-day MA last week and while somewhat overbought in the short-term, a sustained move below 11,500 would be required to question potential for continued higher to lateral ranging.

Orange Juice – more than halved between January and May before finding support in the region of $100. It firmed above that level again today and a sustained move below it would be required to question potential for further higher to lateral ranging.

White Sugar – has posted a progression of lower rally highs since February 2011. It has returned to test the May low near $550 but a clear upward dynamic will be required to confirm the return of demand in this area. A sustained move above $650 will be needed to question the consistency of the 18-month downtrend.

Arabic Coffee – following a 50% decline Arabica coffee found support in the region of 150¢ and staged a powerful rally to close the overextension relative to the 200-day MA. It has since pulled back towards the 150 area and will need to hold in that region if the base formation development theory is to remain credible.