Nat gas… extended w5 target

Nat gas took out the B wave at 463.5 on the daily chart and looks like the extended wave 5 is on the way… target comes in at 6.29. 

Dec corn update. Painful slide for me Extended wave 3? lets look at a chart

looking more and more like the up move that we saw from the beginning of jan was in fact a wave 4 of the Longer term expanded flat and we are now getting the 5th and final wave down. As labeled in the chart above we had a wave 1 a wave 2 and wave 3 looks to be unfolding as an extended wave 3 that could push as low as 436.0.  wave 4 should unfold as a complex wave( flat or a triangle   and there is a good chance that we may truncate the 5th lower. I am however still holding long from the low 470's 466 and 452 as this is my current count as of now.

CK  

Nat gas… update

Appears wave 1 of 5 has concluded and we are getting an ABC zig zag for wave 2 of 5.... Wave A from yesterday was 13 cents in length and wave C today is almost to that length as we are down 11 cents. Trgt is in the 4.50 range. 

Trade setup for aug fats…

Aug cattle set up yesterday and last night and I am currently short this mrkt @ 143.00 . Normally not my fav setup but we have hit my extended w3 trgt and I will be looking for a deep corrective wave 4. 

Aug Fats..... completed 5th wave or complex wave 4????

 The cattle market has definitely been on a tear lately but could a correction be coming???
Aug fats look like they are  headed for a correction to a possible low of around the 135-136 area.  As my first target was hit on Friday of 141.65 and 142.00  I'm thinking a correction is coming.

CK

Orange juice update

orange juice is putting in the grinding wave 3 higher on the daily chart and is looking good so far as this count is looking better and better. 1st Target is 182.30 as I am still holding long. As I believe that this market will move much higher over the next few years.

 Good trading
CK

Lumber wave 5 completed?????

Lumber updated count 

Looks as if July Lumber has completed or close to completing the 5th wave down of the C leg as a clear 5 wave pattern is seen. 

On the weekly chart you can see that a push down to 290 would be very possible where wave A would equal wave C  if this is playing out to be a wave 4 triangle.  ( you can see this better on the weekly chart below )   the 200 day moving avg on the weekly chart comes in at 296 n change .  my  targets if a wave 4  triangle would be around the 365 area in a D wave. My only requirements for this trade is we must not move into the price range of 270.20 

Weekly Lumber chart