Natural gas… bottom in place at 2.475?

Natural gas has been sliding as of late and a potential bottom looks to be in place as of this writing in a possible 3-3- part of an expanded flat for w4. (Position: long June 2.53 ) . I'm looking for a push back to the 3.35-3.40 area

Go pro stock… short term bottom?

Go pro stock looks like we may get a push back toward 55-56… to the prior 4th wave in some sort of a zig zag for the 4th wave…currently taking a long position here…as the risk reward is a little over 10-1. 

Natural gas…1,2 1,2 is no more…

After the gap down today natural gas is looking more and more like this is either a 4th wave triangle of the c leg or a possible contracting ending diagonal 5th wave . If it is in fact the latter then it would target around 2.47 to complete the c wave of C with the d wave and  the e wave to come testing the old lows of 191-2.00. To invalidate this count a break over 3.03 would be needed. 

Japanese yen… upward spike?

The yen looks as if we are in a 4th wave of the 3rd of the 5th that should reach as high as 125-126 … (4th waves tend to be triangles). Let's see where we go

natural gas 1,2 1,2........

(Daily )April natural gas

Natural gas has a 1, 2, 1,2 setting up and today may be the day we reverse back to the upside. target on the low side is 2.756 and a break of 304 is needed to set up the  nice run to a target of 348 in a wave 3.

The dollar… setting up to disappoint ?

Again the U.S. Dollar has been chopping around and putting in a triangle formation, with commercials ( smart money )net short.  

Again everyone is under the delusion that the fed is going to raise rates on there own terms and not the markets. 

Apple… 5 waves down intra day

A breach of 125.57 sets up the wave 3 to a target of 124… also a psh down in Apple could take the Nasdaq to close about where we opened which would set up a bearish doji evening star candle to end the week in the Nasdaq.

 

Natural gas… contracting ending diagonal

Natural gas looks to be putting in the final psh down in an e wave today of a contracting ending diagonal. Trgts on the low side are 2.50-2.53 as we will usually get some sort of throw over the lower trendline…. A quick reversal back to the highs of the diagonal should occur 3.33 trgt. 

Nat gas… when is this bounce coming?

Natural gas has been in a corrective phase and looks like a double zig zag and yesterday we hit the 2.67 area and this is where wave c will be equal to wave A * 1.382.  ( note: extremes on the commercial longs for both daily and weekly charts) 

Crude oil… terminal thrust out of the triangle complete?

The thrust out of the triangle may have very well completed today as the target came in at 45.50-45.70. Let's see where we go… my thoughts are up! 

The federal reserve isnt going to raise rates......

Dec euro $ interest rate vehicle for 2017

Dec euro dollar is looks to be finishing up the wave 5 of 5 of 5and I expect this interest rate decline to stop somewhere in the vicinity of 98.28 and 98.52 if the recent high is taken out.

The U.S. dollar… I don't believe the hype

The dollar appears to be creeping up into the prior wave 4 so let's see if we respect this level… I do believe we are topping here in the 92.50-95.00 range

Natural gas… contracting ending diagonal

The 15min chart above of natural gas looks to be a textbook contracting ending diagonal that could get a throw over of the lower trendline and then a reversal back towards the minimum of 3.20-3.50 area for a w4 before the next slide could resume. 

Orders to buy at 2.76-2.80

The lower chart is the hourly chart and the connecting trendlines are connecting 1 and 3 on the bottom and 2 and 4 on the top… 

canadian dollar....... are we set to move back towards 90?

 Above is a look at the march Canadian dollar and by my count I can clearly see five waves down to and a possible end  to the downside with a move to back towards 90. lowest target would be 8395 per march contract. Lets see where we go

Natural gas… is this w2 over?

Natural gas has currently held the .786 price level for a possible deep wave 2… if this is the case a wave 3 should take over to the upside with a target of the 10-11 range in a 5 wave sequence,and will give plenty of opportunities to buy.  

******Not to mention an extreme long position in the commercials as seen below could turn this market at any time…

Good trading

CK

watching the sugar for some support

sugar is coming up on some support and a possible end to this zig zag for wave 2 @ 1408-1417. ( per march contract.

Also a quick note here…the commercials are at an extreme for net longs here… 

Natural gas… completed 5 waves down?

Nat has has completed what appears to be 5 waves down with the gap down this evening to finish up the c leg lower; if this count is correct the w3 of w3 should take over… I'll be posting a chart a bit later…

 

Position :long nat gas …feb and March contracts from 335-340. 

Good trading

will march corn to bottom in mid jan ??????

 -Above is a look at the daily corn chart for march and the scenarios that could play out . the first scenario if infact corn has completed the wave 4 of the 5th is that we try to make a break back toward the low and and fall short of the contract low. (truncation) .
Second scenario is that wave 5 moves the distance traveled by wave 1 which will breach the low by a couple cents to 325.
The third scenario has 2 targets that that are very close as they come in at 2770-2820.  There is a report on wed so I will be watching this market as I believe a long term bottom could not be far off.
the only thing that would invalidate this current count is that 447.25 cannot be taken out.  time frame for this to occur will be roughly be around the middle of jan for corn to bottom out.

Lets see  how we play out  
good trading
CK

Apple stock topping out???

Apple stock looks to be within a topping range here and I will be starting a short position in the price range from 117-125 as the short side risk to reward is getting very favorable. 

Good trading

CK

march bean oil at a glance

 Was looking at the bean oil chart and it looks interesting.


on the daily chart march bean oil is looking like its currently trading in a corrective wave and could be about finished and ready to resume lower price action.today I will be looking for a rally back to the 3380-3418 area and possibly higher if the high of 35.39 is taken out. im leaning more toward that 3380-3418 resistance holding.( target on the low side comes in at 2827)

good trading
CK