Friday, October 2, 2015

Natural gas… update target met

Natural gas has come within 1 cent from hitting the target of 240 this morning and I have covered all short positions and now pursuing the long side. As I'm expecting some kind of bullish candle to set up within the next couple days or and a bottom to be put in somewhere in this area of 240.  Let's see where we go.  

Thursday, October 1, 2015

Sugar update… an expanded flat has shown up…

We are currently in a w3 up of a c wave in what appears to be an expanded flat for wave 4. This should come to an end between 1340-1480. A full wave 3 would be 1340 so some kind of bearish reversal candle should raise its head soon. Then the 4th toward 1240-1250 and final leg up that could very well fall short of the high that I am anticipating in the next few days. Price obj after completion will be 836 in 5 waves to finish the 5th wave down…