It’s unemployment Friday and once again I am pulling out my mail gloves and mask.

The levels in the bonds and Spu have not changed.

You have the potential of a short term double top in the Spu at 1127 ( the June High)

Bulls need price action above this level not to see profit taking after the unemployment #.

I am dragging out my old Yen level around 83 Usd/Jpy…app 120.40 in the futures.

Any one wishing to either liquidate longs or try a short in the Yen…. This is the spot

if and when we get there.

After another 50 cent rise last night in Asia, will the Wheat

finally take a break? Early price action shows the possibility.

We’ll be paying attention to the U.S. session to see how it trades around the 7.86 level.

Can it actually have a lower daily close? Short term re-traces start a dollar lower.

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