Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. As the precious metal price has been soaring recently, let’s take a look at the technical structure of the stock. GOLD established a major low back in September 2015 from where the stock rallied strongly within an impulsive 5 waves advance which was […]

Crude Oil prices jumped by more than $2 after US drone strike killed top Iranian general. Fears mount that Iran may target the oil industry infrastructure across the region in the event of further tit-for-tat escalation. Last year, there were precedent that Iran or its proxies targeted oil facilities and shipment. Iran has seized two […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SUGAR ( $SB_F ) published in members area of the Elliottwave-Forecast .  As our members know, SUGAR is showing incomplete sequences in the cycle from the September 12th low (10.68).  Break above 2nd October peak […]

Soybean (ZS_F) cycle from May 13, 2019 low shows an incomplete 5 swing sequence, favoring further upside to end 7 swing double zigzag structure. On the 4 hour chart below, we can see the rally to 945.4 ended wave (W) and pullback in wave (X) ended at 868.2. Wave (Y) higher is unfolding as a […]