Sugar… a new low coming?

Sugar rallied this morning but as of now couldn't hold on as the contracting diagonal is still in play. A push below today's low of 1127 October should set up more pressure to the downside.  Again we will watch and waiting for this formation to complete as it will set up a great buying opportunity at around the 9 cent area if this scenario plays out

Natural gas … min chart expanded flat for wave 2

Natural gas front month 5 min chart has put in what appears to be an expanded flat for wave 2. If this is correct prices should reject the high of the day and begin the downward wave three to a target of 2.605. Let's see what happens. 

Natural gas… waiting for the breakdown

Natural gas looks to be finishing an abc zig zag to end at 271.5. I will be adding to my short position on a break of 265.0 let's see where we go.