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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FCOJ: Frozen Concentrated Orange Juice is Bullish
Read MoreIn the previous articles from March and November 2021, we have discussed the price action and the outlook for the Frozen Concentrated Orange Juice. As it has been expected, the soft commodities have advanced. In particular, we saw commodities like coffee, cocoa, cotton and sugar extending higher. Hereby, orange juice futures OJ #F have rallied as well. Now, […]
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$USDX: The Index Structure Showing an Opportunity to Buy Commodities
Read MoreThe Dollar Index ($USDX) shows five waves since the low on 03.01.2008, which will provide many signals across the Marketplace. Below is a monthly chart of the Dollar Index $USDX Monthly Elliott Wave The monthly chart above shows the five waves advance from 3.1.2008 and the different degrees within the cycle. The idea is overall […]
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ZO #F: Oats Futures Trade Within Weekly Buying Area
Read MoreOats are one of the grain commodities, along with soft red wheat, hard red wheat, corn, soybeans and others. The oat (Avena sativa) is a species of cereal grain grown for its seed. While oats are suitable for human consumption as oatmeal and rolled oats, one of the most common uses is as livestock feed. Oats are a nutrient-rich food associated with lower blood cholesterol when consumed regularly. Since this […]
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Elliott Wave View: Oil (CL) Has Reached Daily Support
Read MoreOil (CL) shows incomplete sequence from 7.19.2022 high & can see further downside. This article and video look at the Elliott Wave chart.
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HE #F: Pork Prices to Double as Lean Hogs Prices Rally
Read MoreLean Hogs is a livestock commodity within the agriculture asset class, along with live cattle, feeder cattle and pork cutouts. One can trade Lean Hogs futures at Chicago Mercantile Exchange in contracts of 40’000 pounds each under the ticker HE #F. As a matter of fact, the futures prices are widely used by U.S. pork […]
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Elliott Wave View: Near Term Further Weakness in Silver
Read MoreShort Term Elliott Wave View in Silver suggests rally to 19.43 ended wave 2. Wave 3 lower is in progress to complete a cycle from August 14th, 2022 high. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Up from wave 1, wave (a) ended at 19.09 and pullback in wave […]