Sugar trade appears to moved in 3 waves down with the 4th wave setting up a triangle pattern for the start of the 5w down. Positions covered and am now flat. (-1600 loss on the trade) price objective to the downside is 1930-1950 per the march13 contract.
Nat gas has been grinding higher in what I believe to be the 3rd wave heading higher. (holding long at 292 oct and 299 nov contracts )
confirmation will be a breaking out over the B wave of 3135 per oct contract. Acting well so far.
10 yr note gave us a sell last thursday /fri in what appears to be a zig zag for a w2 stopping at the .786 level of the last 5 waves down. ( currently short @ 13415 and 134'22.
Good trading
CK
Ps - facebook stock appears to be finishing up a terminal thrust out of a w4 triangle ( premium bought 20.50, 19.50 and 17.71) holding long. possibility of seeing 17.00 to 17.10