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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$CL_F (US Oil) 9.17.2013
Read MoreA cycle from 109.16 is coming to an end and soon a 3 wave pull back toward 107.39 – 107.81 would be expected to complete wave ( b ) before lower again. Hourly cycles remain negative and hence we don’t like buying in proposed wave ( b ). If you would like to see our […]
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$CL_F (9.2.2013)
Read MoreOil has completed a cycle from the highs and focus is now on 108.22 – 109.17 to complete wave (( b )) before Oil starts a new cycle to the downside. We don’t like buying Oil into proposed wave (( b)) as hourly cycles remain negative and recovery so far is corrective. Why not Sign […]
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$HG_F (Copper) 8.30.2013
Read MoreMetal has completed an hourly cycle @ 3.38 after a triangle thrust. A test of 3.21 is expected to complete a 3 wave decline from 3.388 and 7 swings down from 3.37 peak. As metal avoids aggressive weakness below 3.21, expect a 3 wave recovery which we believe would prove corrective (3 or 7 swings) […]
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$XAG/USD (Silver)
Read MoreWave B has completed at @ 22.43 and metal is completing a 5 wave move from this level. A test of 25.03 could be seen before we get a corrective (( b )) wave pull back and higher again. We don’t like selling the metal into proposed wave (( b )) pull back as 1 […]
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$GC_F (Gold) 8.21.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1377 & more importantly 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower […]
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$XAU/USD (Gold) 8.20.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower as the initial decline […]