will we get to 1145 in beans ????

 daily November Beans :

I am watching for a push higher in a c leg of an simple zig zag wave 4 that should target as high as 1145 if we get a full wave 4. then all we need is a 5th wave down to complete the formation.

for a more in depth commentary email commoditykid@gmail.com

good trading
CK.

Dec wheat intraday

Here is an intraday chart of dec wheat and it looks as if we are putting in a w2 that could be close to finishing up this morning. We are approaching some support at 566 .  If this is a w2 I'll be watching for a break out over 585 in a wave 3 to trgt of 613-616 if we get a full wave 3. We will see… I will update again today....

Wave 3 lower setup for the $DJI…

Intraday picture of the $DJIA… there is still plenty of time to start this wave 3 lower but a break of the low today sets this trade lower and if it is a w3 then we should target 16873 if a full wave 3. 

$DJI… topside target n why I'm a skeptic here

Topside targets come in on the Dow at 17161 however I'm adding to short positions at these levels as the risk is too great to be long from here in my opinion… as this could get ugly quick…

 

I will see how we close this week to see if I want to remain short…. Current short position sold premium sept futures 17060. 

Dec corn n nov beans… higher again?

Higher once again…

Dec corn after hitting the intra day target yesterday has pulled back and any push back to the low of 378 1/4  I will be purchasing once again… holding long

Nov beans- intraday targets come in at 1120 and 1132 . Holding long

Sugar testing the .618… to hold or not to hold?

Oct Sugar is testing the .618 support for a possible wave 2 at 16.93 this morning. We would  like for this number to hold today… holding on to long positions and the only way I would be adding to it is on a break of 18.50 and then on a break of 18.83 for a wave 3 breakout. Wave 2's the majority of the time move to the .618 level in a zig zag and that is what we are looking at as of now…. 

dec corn quick targets this morning

Dec corn 1st target comes in at 391-392 today when and if  targets are hit today I will be watching for a small pullback and then a push higher towards the 4.00 area. want more info on how you can trade with me and learn my methods.... commoditykid@gmail.com lets get started

into a wave 3 intraday on dec wheat?

December wheat looks like we may be starting to head higher and short term my target is 579 1/2  in a full wave 3 intra day.... this is playing out nicely as if I am correct this should be the beginning of a BIG move higher in the next couple years... want more info on how you can learn what I do...email me.... commoditykid@gmail.com

Corn update and potential bottom in place

On 7/10 I posted a 60 min chart showing the downside targets. (3.80-3.95 )They have been hit and I will be looking for the reversal and the bottom to be in place… 

Market that's setting up… I don't get paid unless you profit

Interest rates (euro dollars )are  in the final stages of the push higher in price and lower in rates. If your interested in trading these and seeing what I'm projecting email at (commoditykid@gmail.com) when you trade with me, I personally take no commission unless you win,  how do you get any better than that. 

Dow jones… bull trap on the new high today?

Here we sit at all time highs on the indices but today's push to new high has a very good chance of ending badly. All criteria have been met to satisfy the ending of this bull run in stocks. (This may be more than a pullback ). 

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…

Updates this weekend and a recap of…

Nat gas, sugar and corn…updates over the weekend so check back. 

Thanks for the emails… and happy 4th

Just wanted to day thank you for all the responses via email to receive my market commentary and updated counts. I really do enjoy doing this and if you ever need me to look at any markets or have suggestions please feel free to email me. 

Thnks again and happy 4th from orlando fla…

CK