Monday, March 14, 2016

rough rice bottom in sight

Rough rice is working on finding that bottom and a 5th wave down. Just have to see if we decide to truncate or make a new low. I almost want the new low! There is a pattern that will count as complete at 9.69-70. If however we take out the low then we are looking at 8.67 bottoming out .... lets see where we go.

Friday, February 19, 2016

Natural gas close to pattern completion

 We are now in the potential reversal zone for natural gas from 186-178 to possibly end wave 2. When completed I will be watching for wave 3 to begin 

Friday, February 5, 2016

Corn update

Not much has changed here in the corn market as of late and a possible psh higher towards 379-380 in March  still may come about. I am still however looking for corn prices to push lower towards the 318 level to complete the pattern below. I have included the July contract chart also.  Of course markets are funny sometimes and my opinion may change but for now this is what I'm seeing… If you have any questions please feel free to ask away…
Tommy