Good morning…
Sugar market has not changed much except for a continuing steady grind lower. As my first trgt at 16.37 is still in play.
I am planning on a bounce from here to around the 17.12-30 area in a 4th wave then a five wave decline to a possible
15.20-15.30. Just depends on which of wave 5 scenarios we get. Still watching. No position yet. Time frame for this bottom call will be
Early to mid feb.
Natural gas is getting a lift from the sub freezing weather on the fundamental
Side hitting the 4178 as the intra day high so far. It still looks like a 5-3-5 correction will take place for a zig zag
Wave 2 on the weekly chart. If my wave count is correct a five wave to the downside
Is still in play to around the 2.80 level.
As always just my thoughts. I don't know where these markets
May go.
Good trading
CK
