Rally from 86.41 is taking the form of an impulse when pair is close to complete wave (( iii )) with a test of 90.35 – 90.70 area. Following completion of wave (( iii )) expect a corrective pull back (triangle, double correction or FLAT)in 3 or 7 swings and another leg higher to complete […]

Oil has completed a cycle from the highs and focus is now on 108.22 – 109.17 to complete wave (( b )) before Oil starts a new cycle to the downside. We don’t like buying Oil into proposed wave (( b)) as hourly cycles remain negative and recovery so far is corrective. Why not Sign […]

Metal has completed an hourly cycle @ 3.38 after a triangle thrust. A test of 3.21 is expected to complete a 3 wave decline from 3.388 and 7 swings down from 3.37 peak. As metal avoids aggressive weakness below 3.21, expect a 3 wave recovery which we believe would prove corrective (3 or 7 swings) […]

Wave ( 3 ) is thought to be complete so expect 2.83 – 2.87 to hold for another round of weakness in 3 waves to complete wave ( 4 ). Price needs to stay below 2.92 for this view to remain valid. We don’t like selling the yields as wave (( a )) decline was […]

Wave B has completed with a test of 0.8650 so as this level holds, we like the idea of more downside in the pair. We don’t like buying into proposed wave ( b ) pull back. If you would like to receive accurate & timely forecasts for 25 instruments that we cover, why not Sign […]

Wave B has completed at @ 22.43 and metal is completing a 5 wave move from this level. A test of 25.03 could be seen before we get a corrective (( b )) wave pull back and higher again. We don’t like selling the metal into proposed wave (( b )) pull back as 1 […]