Natural Gas (NG) has lost over 63% in value since the peak in August 2022. It has been a rather sharp decline with a sizeable recovery in the middle before the decline resumed again. Today, we will take a look at Elliott Wave structure of the decline from August 2022 peak, show some charts from […]
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$CC #F: Cocoa Prices Trade in a Bullish Sequence
Read MoreCocoa (or cocoa bean) is one of soft commodities, along with sugar, coffee, orange juice and cotton. The bean is the fully dried and fermented seed, wherefrom cocoa solids and cocoa butter can be extracted. Cocoa beans are the basis of the chocolate. One can trade Cocoa futures at ICE owned New York Board of […]
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Platinum (PL) Correction Remains In Progress
Read MorePlatinum (PL) is still correcting cycle from 9.1.2022 low before the rally resumes. We also present an alternate view if the pivot at September 2022 low (796.8) fails. If it breaks below 796.8, it suggests a bigger correction against March 2020 low. In the higher time frame, the metal is in a bullish grand super […]
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Gold (XAUUSD) Bearish Sequence Favors More Downside
Read MoreGold (XAUUSD) shows bearish sequence from 5.4.2023 high expecting further downside. This article and video look at the Elliott Wave path.
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$CT #F: Nesting Price Action in Cotton Provides an Opportunity
Read MoreCotton is one of soft commodities, along with sugar, coffee, orange juice and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained the dominance in textile manufacturing during the British industrial revolution in the 18th century. It was so critical that at times of Civil War […]
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Elliott Wave View: Silver (XAGUSD) Has Scope for Further Downside
Read MoreSilver (XAGUSD) is looking to end wave 5 from 7.20.2023 high and has scope for more downside. This article and video look at the Elliott Wave path.
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Oil (CL) Should Extend Higher in Impulsive Structure
Read MoreRally in Oil (CL) is in progress as an impulse and should extend higher. This article and video look at the Elliott Wave path.