Sugar premium bought

As my numbers were hit on the front month sugar @ 15.18 to possibly finish the c leg of this zig zag for a wave 2. I bought 1607 on the oct contract. lets see where this takes us.  my stops are placed below 1578 on this trade

good trading
CK

Is one more high needed in hogs before we fall?

lean hogs look like we may need another high before we start down into June and July of this year.

Targets are 96.77 where wave 1 = to wave 5

where does the wheat go from here?????

 front month wheat weekly chart is showing what looks to be an expanded flat for a wave 2 in the wheat market. If this is the case and wave 3 is ready to take over then we could be looking at 11.50 wheat in the not to distant future..



Something Interesting about the commodity markets is all appear to be warning that a bull run in commodities may be just around the corner.

Orange Juice ....... Liquid gold? update

Orange juice still appears to be working on a wave 2 on the weekly chart that could extend as low as 115. I believe that the 97.10was the larger wave 2 low and if this is correct we should not see a price break under this level. Here is a weekly chart for your viewing pleasure.

 Price targets for OJ if this set up holds true and we see a break over 226.95 sets up the wave 3 higher to 359 n change.  

My disclosure: I have no idea where these markets may go and these are just my opinions and should be taken as Just opinions and not fact!!!!! futures trading involves a high level of risk.

Orange juice set to sky rocket in 2014 on crop damage??????

Normally I'm not a big fundamentalist but the charts and the fundamentals seem to be lining up rather nicely.

Longer term price target is the 350  for the wave three if .618 of wave 1.

Could Short term interest rate futures be topping out in the first quarter of this year?

The Euro Dollar interest rate futures are putting in a perfect 5 wave pattern to the upside and are currently working on the 5th wave to possibly extend to 9920-99.40 if wave 1 is equal to wave 5. This could very well be playing out as contracting ending diagonal.

Is sugar about to bottom?

march daily sugar with wave 1 being equal to wave 5 @ 15.63

• If wave 1 is equal in length to wave 5..... sugar should be bottoming within the next couple days as shown in the chart above. If this is the case we will need to see 5 waves to the upside and a break over 19.57 to confirm the E wave has taken hold.

Dow jones futures in a wave 2 flat? we shall see

hourly Dow futures in a wave 2 flat?

Sugar to bottom in feb march ?

Sugar has set up for a nice bull run in the next 3-4 yrs possibly back to the 51-66 cent range. we have put in a A B C and looks to be finishing up a D wave with the E wave higher to follow.

Good morning traders,

As you know trading can become quite frustrating. I started this blog to help new and or old traders that have had limited success in trading and are looking for easy ways to determine when to enter and exit trades with limited risk. Having traded for 20+ years in the commodity and stock markets I will give you glimpse of my own lessons that i have learned over the years and what helped me to be a much better trader. My methods include a variety of very teachable skills to make trading more enjoyable and hopefully profitable.

While many traders are searching for the holy grail to trading ,traders must understand that a lot of trading is waiting and watching for certain patterns to set up to give you a greater chance that your trade will work. I do have a small manual that teaches these skills and pattern recognition and will be explaining these in this arena.

The majority of my posts will be focusing around the technical side of trading not so much the fundamental side. A trader must decide which methods he/she is more comfortable with and figure out weather he/she is a short term trader or a long term trader.

stay tuned

CK