In today’s video we present Elliott Wave Analysis of the yellow metal which has reached 100% extension down from 1255 peak. Trend is down but it’s in an area where initiating new short positions is a dangerous proposition. Analysis based on market correlation allows for another push lower toward 1189 – 1184 area to end the […]

In today’s video we present Elliott Wave Analysis of the yellow metal which has reached 100% extension down from 1255 peak. Trend is down but it’s in an area where initiating new short positions is a dangerous proposition. Analysis based on market correlation allows for another push lower toward 1189 – 1184 area to end the […]

At the last days of September our Elliott Wave analysis for OIL suggested that we were doing double three corrective structure from the 89.56 low. The analysis was calling for more strength toward equal legs area (95.05-96.15) to complete wave ((B)) recovery, before further decline takes place in next bearish cycle – wave ((C)). Let’s […]

Copper Futures (HG_F ) are bouncing after completing 7 swings down from 10.29 high but our preferred Elliott Wave count suggests down side is far from over and this is just a corrective bounce. Elliott Wave cycles remain bearish against 3.113 high and we view rallies as a selling opportunity in 3, 7 or 11 swings […]

Oil completed ((B)) @ 94.88. As per preferred Elliott Wave view, we have seen a 3 wave decline to 88.18 which completed wave W. Oil is now bouncing to correct the drop from 94.88 high. This bounce could test 50- 61.8 fib (91.54 – 92.34) area before decline resumes again. We don’t like buying Crude Oil […]

Preferred Elliott Wave view suggests Oil completed ((B)) @ 94.91. Cycle from 94.91 has concluded at 90.86 which completed wave (( a )) of the new down cycle. Oil has tested 50 back of the decline from 94.91 and has seen a sharp rejection, we believe wave (( b )) has completed at 92.94 and an […]