Bean bottom??????

1st chart is the weekly chart for Nov. beans and below it is the daily.  Both of these charts have demonstrated patterns that have preceeded several 4-12 dollar moves in soybeans. I'll be watching for a possible gap open higher on Monday 

It's my contention that the grain markets as well as many other commodities are in the process of bottoming out and will be heading higher in the years to come. 

Reversal in some softs today?????

My last post on sugar was off as the w2 is not finished on the downside.  I am however buying this breakdown here this morning on a .618 fib number on the weekly chart for a possible finished w2. and just short of .618 on the daily chart at 16.93. I would like to see a reversal here and a close back above the yesterday's high.

Cotton thread---- I am also buying cotton this morning under 68 basis dec.. Let's see if we reverse? 

A quick look at Dec cotton..... ready to move higher????

Dec cotton hit 6926 right on the nose this morning and looks to be ready for a rally higher into a wave 4 of this expanded flat correction for a possible wave 2. Price target for the wave 4 come in at 78.

good trading

CK

60 min chart of dec corn is this finally the wave 5 of 5 of 5.......????

Here is what i am seeing on a 60 min chart of dec corn internal wave count of this last leg down and it appears we are in a wave 5 of the last leg down. A possible bounce could be coming possibly before the report on friday from around the 4.00 area to 418 or so. I'm still waiting on this formation to complete and a downside target comes in at 380-395 for completion and then a reversal. possibly in a bearish report this Friday.

Still holding longs and I will be looking to add on a push down to these levels.

CK

has crude finished the D wave higher? is crude gettin ready to slide?

crude looks like we may have finished the D wave higher and ready to start the e wave decline to around the 86.50 level. the time frame is around the Oct time frame to finish this e wave. I'll be watching here as a short position sounds about right

Trade alert for sugar ....... 5 waves down complete?????

Sugar could have finished the flat formation for a wave 2 yesterday and I will be buying a break over the 18.91 area to add to my position and catch this possible wave 3 that if correct should push prices to a 1st target of 22.50 in a full wave 3......

good trading
CK

Who pulled out the rug… ???

Natural gas- natural gas has breached the 429.6 level which was the main count projecting prices to move higher in a w5 extention. With the breach we can conclude that wave 1 of  w3 has finished and now a possible shallow wave 2 in a zig zag. A clue of w3 of wave 3 will be a push over the 460 price.  A close over the 200 day mvg avg at 431 today may convince me to add here.

Corn-  opened lower this morning to my last target of 407.75 ( per last corn post and bounced… still holding longs as of now…

Sugar- ( will update with chart this afternoon.)

Apologize for the lack of charts this morning… will update individually this afternoon. 

Good trading…