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GCC: Reacting From Blue Box Supporting Higher Commodities Prices
Read MoreGCC is WisdomTree Enhanced Commodity Strategy Fund, it an actively managed exchange-traded fund and intends to provide broad-based exposure to the following four commodity sectors: Energy, Agriculture, Industrial Metals, and Precious Metals primarily through investments in futures contracts. The Fund may also invest up to 5% of its net assets in bitcoin futures contracts. The […]
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Crude Oil Price Action Might Be Showing A Temporary Pause in Gas Prices
Read MoreIn today’s video blog we will look at a very interesting topic around the market which is the price of Crude Oil and how it could affect the price of Gasoline. We will start by taking a look at the famous Impulse Wave pattern in Elliott wave which is shown below Elliott Wave Impulse Pattern […]
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GOOGL: Another Blue Box Buy Resulted in New Highs
Read MoreAnother good trading opportunity we have had lately is in GOOGL stock. Stock has been an impulsive rally since 10.4.2021 low with wave (1) completed at $2874.99, wave (2) completed at $2700, wave (3) completed at $2973 and it started pulling back within wave (4). Wave (4) took the form of a zigzag and presented […]
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SIL (Silver Miners ETF) Sending A Warning To Silver Shorts
Read MoreSilver related symbols including Silver Funds and ETFs have been trading lower since the peak around either 08.06.2020 or 02.01.2021. Most of them have taken a different Elliott wave structure, some have been doing an Elliott wave FLAT like $XAGUSD and some are doing a simple ABC (5-3-5) structure like SIL. The group advanced in […]
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LUV (Southwest Airlines) shows a nice Elliott wave structure
Read MoreLUV (Soutwest Airlines) shows a very constructive price action since the all-time lows. We can see a very nice impulse or five waves into the peak in 2017. The Elliott Wave Theory’s main message is that the trend advances in five waves and then a pullback in three waves. The following chart is a representation […]
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Royal Gold ( RGLD) : The stock might show the path for Gold
Read MoreRoyal Gold is an ETF with a higher degree correlation with Gold and might show a path for an expected move higher in Gold into the $2700.00 area. The Symbol shows five swings or waves since the all-time lows, which is a bullish structure. In the Elliott wave Theory, every time five waves or swings […]