front month sugar has almost reached the 1.618 of wave 1 @ 16.25. The current count I have is a 1-2 1-2 on the mnthly and a 1-2 and possibly ending the w3 down here in the next few days for a run back towards the 18.30 level for a full corrective wave 4 on the daily chart. will be looking for entries on march and oct contracts on the 5th wave lower. This trade is setting up for a huge move to the upside in a w3 of w3 if my count is correct.
good trading
CK
