Sugar premium bought

As my numbers were hit on the front month sugar @ 15.18 to possibly finish the c leg of this zig zag for a wave 2. I bought 1607 on the oct contract. lets see where this takes us.  my stops are placed below 1578 on this trade

good trading
CK

Is one more high needed in hogs before we fall?

lean hogs look like we may need another high before we start down into June and July of this year.

Targets are 96.77 where wave 1 = to wave 5

where does the wheat go from here?????

 front month wheat weekly chart is showing what looks to be an expanded flat for a wave 2 in the wheat market. If this is the case and wave 3 is ready to take over then we could be looking at 11.50 wheat in the not to distant future..



Something Interesting about the commodity markets is all appear to be warning that a bull run in commodities may be just around the corner.

Orange Juice ....... Liquid gold? update

Orange juice still appears to be working on a wave 2 on the weekly chart that could extend as low as 115. I believe that the 97.10was the larger wave 2 low and if this is correct we should not see a price break under this level. Here is a weekly chart for your viewing pleasure.

 Price targets for OJ if this set up holds true and we see a break over 226.95 sets up the wave 3 higher to 359 n change.  

My disclosure: I have no idea where these markets may go and these are just my opinions and should be taken as Just opinions and not fact!!!!! futures trading involves a high level of risk.

Orange juice set to sky rocket in 2014 on crop damage??????

Normally I'm not a big fundamentalist but the charts and the fundamentals seem to be lining up rather nicely.

Longer term price target is the 350  for the wave three if .618 of wave 1.

Could Short term interest rate futures be topping out in the first quarter of this year?

The Euro Dollar interest rate futures are putting in a perfect 5 wave pattern to the upside and are currently working on the 5th wave to possibly extend to 9920-99.40 if wave 1 is equal to wave 5. This could very well be playing out as contracting ending diagonal.