t Mid-term cycles in the commodity remain bullish. Shorter cycles are also bullish but while below today’s peak, we expect to see a pull back lower which should prove corrective and result in more upside. Support lies between 96.50 – 97.00

A cycle from 1.4819 has ended which means wave X low is most likely in place. Expect support between 1.4385 – 1.4409 to hold for continuation higher toward 1.4630 – 1.4670 region initially.

After forming wave (( x )) @ 0.8550 peak pair made new lows followed by a very deep recovery which almost invalidated the wave count but managed to hold below 0.8550 peak and we now expect it to continue lower toward 0.8425 – 0.8440 to complete cycles from 0.8550 and 0.8599 peaks before we get […]

Dr. Copper is following our proposed path perfectly so far. We have seen the bounce that we expected in yesterday’s chart of the day and we expect resistance between 3.23 – 3.25 to cap for continuation lower. Only a break of 3.285 would negate this view.