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Freeport McMoRan (FCX) Outlook Turning Bullish
Read MoreFreeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based company is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining […]
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Walmart Stock Extending Higher
Read MoreWalmart (NYSE: WMT) is the world’s largest company by revenue as well as the largest private employer in the world with 2.3 million employees. It’s an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Despite being the biggest physical retailer in the world, Wal-Mart is still trailing […]
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KBW Bank Index Extended Correction
Read MoreKBW Bank Index is an economic index consisting of the stocks of 24 banking companies delivering a direct exposure to the banking sector and offering a targeted view to a unique corner of the U.S. financials sector. The top holdings Banks of the index are among the biggest financial institutes in the world and most of […]
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Dubai Index ( DFMGI ) Elliott Wave View
Read MoreDFMGI tracks Dubai Financial Market which is the largest financial trading exchange in the United Arab Emirates. Dubai has emerged as a global city and business hub of the Middle East , it’s contently growing bigger and becoming one of most expensive city in the world. The Dubai Financial Market (DFM) was founded on 2000, looking at […]
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Crude Oil (CL_F) Elliott Wave View: 5 Wave Impulse
Read MoreCrude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from which it managed to bounce higher to resume the move to the upside looking to reach the […]
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US Dollar Index: Elliott Wave Forecasting the Decline
Read MoreOne of the most popular consensus in 2017 among the analysts is a stronger U.S. Dollar due to the Fed in rate hiking cycle and also Donald Trump promising infrastructure spending, tax reform, which are all supposedly US Dollar positive. At Elliottwave Forecast, we listen to the market through our technical analysis using Elliott Wave, […]