Wednesday, September 16, 2015
dec corn scenario triangle
DEC corn looks to be carving out a triangle and looks to be half way complete as c wave looks to be completed or close to completion. The next 30 cent move should take us back to just above the 360 level where we should see a bounce to completion. if this is the case target zones for dec corn should come in somewhere around the 306-316 area. (any push back towards the 395-400 per dec I will be selling.)
Monday, September 14, 2015
natural gas expanded triangle for B wave finished
natural gas may have just finished up the B wave expanded triangle. if this is the case we should see a reversal lower in the next couple days as ill be watching for a bearish daily candle to get short this market.
Sunday, September 13, 2015
Sugar weekend update: commercials (net short)
Sugar pushed a bit higher on Friday but I'm still of the belief that one more low is around the corner for the sugar market that could take us somewhere around the 9 cent area.( if we get here I'm a full bull) By the looks of the commercial money they are fairly close to an extreme net short position. Let's see what unfolds. Position: waiting and watching as of now and may take a short position on any daily resistance candle.
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