- Adding to Oct sugar position 1st @ 21.00 (order placed at 20.52) below the market .
-Looks like we are forming a w4 triangle on the intraday chart with a final thrust out of this triangle to the 20.50 price range to finish up and the start of an impulse higher.
Gold trade- Open position buy at 1636.0 for a possible impulse higher. (.786 and the .618 have broken ) 1635.50 will be the 1.00 from the choppy trade from 6/28 to present for ending wave 2 if my count is correct.
Nat Gas - Looked good on Thurs after report but looks as if we are now into a zig zag from the high that should be ending shortly with a push down to 2.60 and change possible Current postion for oct long @2.92 . Its possible we close into a morning star or a hammer bullish reversal pattern today.
As of right now we are rallying off the lows on an Intraday 5 min chart that is looking like 5 waves up so I will be looking for the w 2 zig zag for a possible buy spot.
Lots of stuff setting up for impulse waves higher!
Good trading
CK
