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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Elliott Wave View: Gold (XAUUSD) Still Has Scope for Further Downside
Read MoreShort Term Elliott Wave View in XAUUSD suggests rally to 1765.59 ended wave 2. Wave 3 lower is in progress to complete a cycle from August 10th, 2022 high. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Up from wave 1, wave (a) ended at 1743.85 and pullback in wave […]
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Sugar ($SB_F ) Elliott Wave : Forecasting The path
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Sugar ($SB_F ). As our members know, Sugar is having bearish sequences in the cycle from the 20.52 peak. Current view is calling for further weakness as far as 19.6 pivot holds. Recently the commodity […]
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$CC #F: Cocoa Prices Offer a Great Opportunity before Inflation
Read MoreCocoa (or cocoa bean) is one of soft commodities, along with sugar, coffee, orange juice and cotton. The bean is the fully dried and fermented seed, wherefrom cocoa solids and cocoa butter can be extracted. Cocoa beans are the basis of the chocolate. One can trade Cocoa futures at ICE owned New York Board of […]
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OIL ($CL_F) Elliott Wave : Calling The Decline From Equal Legs Area
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL . As our members know, OIL is having bearish sequences in the cycle from the 123.8 peak. Current view is calling for further weakness against the 101.9 pivot in first degree. Recently the commodity […]
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ZS_F Forecasting The Rally And Selling In Blue Box
Read MoreIn this technical blog we’re going to take a quick look at the Elliott Wave charts of ZS_F (Soybean futures) published in members area of the website. As our members knew, we’ve been favoring the short side in ZS_F (Soybean futures) due to incomplete bearish sequence down from June 9, 2022 peak against July 29, 2022 peak. […]
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Platinum (PL) May Still See Further Downside
Read MoreThe Fed has raised interest rates four times this year to fight inflation. They hiked by 0.25 basis point in March, the first hike in more than three years. Then they hiked further 50 basis point in May, 0.75% in June, and another 0.75% in July. This takes the current benchmark rate to 2.25 – […]