LE #F: Meat Prices to Double as Live Cattle Prices Rally
Live Cattle is a livestock commodity within the agriculture asset class, along with lean hogs, feeder cattle and porc cutouts. Once the feeder cattle have reached the target weigh of…
Elliott Wave View: Further Downside in Gold
Gold has been consolidating for 6 months after forming the top at $2075 on August 2020 and the low at $1764 on November 2020. Today, the metal has finally broken…
Silver Should Outperform with Break Lower in Gold-To-Silver Ratio
Gold-to-Silver Ratio is simply gold price divided by silver price. After spiking to all-time high at 126.4 on March last year to 126.4 due to the fear of Covid-19 pandemic,…
Elliott Wave View: Silver Broke to 52 Week High
Silver has made a new 52 week high this week suggesting last year's correction is over. From the 60 minutes chart below, we can see the rally from January 18…
Supply Deficit in Palladium May Continue to Support Price
Palladium market continues to be in short supply for 9 straight years. The gap between mine supply and consumption in 2020 was around 1 million ounce of palladium. The chart…
Elliott Wave View: Oil About to End Short Term 5 Waves Impulse
Elliott Wave structure of the rally in Oil from December 23, 2020 low is unfolding as a 5 waves impulse. Up from December 23 low, wave ((i)) ended at 48.62…
Elliott Wave View: Silver Still Consolidating Gain in 2020
Short Term Elliott Wave view suggests the rally from September 24, 2020 low in Silver ended wave ((1)) as a leading diagonal. Pullback in wave ((2)) is now in progress…
Soybeans ( $ZS_F ) Bullish Sequences Calling The Rally
Hello fellow traders. Soybeans ($ZS_F) has been giving us nice trading setups recently . In this blog, we’re going to take a quick look at the Elliott Wave charts of…
Elliott Wave View: Is Gold Bottom in Place?
Since bottoming on December 1, 2020 low at $1764., Gold has steadily risen. Short Term Elliott Wave View suggests the rally from December 14, 2020 low is unfolding as a…
