A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$HG_F (Copper) (7.22.2013)
Read MoreExpect some further strength to complete a double corrective structure for wave X before the metal turns lower again. There is strong confluence of resistance between 3.25 – 3.27 and ideally price should stay below 3.35 but only a break of 3.42 would negate this wave count.
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$CL_F (Oil) 7.19.2013
Read MoreA cycle is coming to an end and expecting at least a temporary peak to form soon. Break of 106.12 will add more conviction to this view. We don’t like selling Oil until it shows a clear 5 wave decline from the high.
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$TNX (10Y yields)
Read MoreWave ( A ) is thought to be complete thus now we expect a corrective pullback lower in wave ( B ) toward 2.15 – 2.17 area where we expect good support to come in.
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$GBPCHF (7.17.2013)
Read MorePair made a marginal new low before making a strong move to the upside. We have not yet broken 1.4347 – 1.4370 zone but there is enough number of swings in place to call wave X completed. Thus, we expect higher price as price stays above 1.4187 low.