

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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$HG_F (Copper) 1 Hour Elliott Wave Analysis
Read MoreWave A appears to have completed and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive and there is no red boxes on the chart so we don’t like selling into wave B.
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$HG_F (Copper) showing a Zig-zag
Read MoreCopper is showing a zig-zag structure from 12.3.2013 low. Metal has already hit ( c ) = ( a) target and now close to testing ( c ) = 1.236 x ( a ) ext at 3.3309. Break of 1 hour trend line would suggest zig-zag structure has completed and leave the metal vulnerable to […]
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$HG_F (Copper) 1 Hour Elliott Wave Analysis
Read MoreMetal is trading in orange zone and showing enough number of swings in place to call wave A completed but another swing higher to 3.33 would look much better to complete wave A. After that metal should pull back in wave B and turn higher again. Hourly cycles are positive so we don’t recommend selling […]
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$HG (Copper) 1 Hour Elliott Wave Analysis (updated)
Read MoreAfter completing wave (( b )) at 3.16 metal turned higher impulsively and looks to have completed wave ( a ) of (( c )) as a 5 wave move. Wave ( b ) proved to be shallow and metal is already trading higher in wave ( c ) toward 3.298 – 3.33 area to […]
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$HG_F (Copper) Weekly Forecast
Read MoreMetal is correcting the weekly cycle from 2008 lows. It did get very close to 50 fib retracement (2.949) but didn’t fully test it. Also, metal is showing 5 swings lower from the high of red wave “a” and is currently in blue wave ( B ) pull back. Once completed, metal should turn lower […]
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$HG_F (Copper) 11.13.2013
Read MoreWave ( X ) completed @ 3.278. Expect an intra-day pull back followed by a new low toward 3.13 – 3.14 region to complete 1st leg of the triangle thrust after which metal should correct the decline from 3.278 in 3 waves. We don’t like buying into proposed wave ( x ) pull back.