Rally from 95.21 – 101.38 was in 5 swings as the chart shows with lack of momentum between the peaks at 100.46 and 101.38.  5 swing rally keeps Oil bullish against 95.21 low for at least 1 more leg to the upside. We are currently in wave B correction which can reach as low as […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B which is taking the form of a 7 swing structure. We are currently trading higher in wave […]

We like the idea of Gold trading higher in a triple three corrective structure.  Short-term expect a test of  1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B. So far we have seen 3 swings up from the low so that should have completed wave […]

Pair has broken 0.8078 low and we believe wave A completed at 0.8059. Wave B is in progress as FLAT and can get rejected between 0.8202 – 0.8245  area for more downside.  We don’t like buying the pair in proposed push higher as hourly cycles are negative and like more downside after wave B is […]

Preferred view suggests a cycle from 7.25.2012 has ended and 10 year yields are correcting the entire cycle now. Another swing lower to 2.56% could  still be seen to complete 7 swings lower in wave W then we expect a bounce in wave X toward 2.80 – 2.85% before resumption of  the decline. We don’t […]