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: 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 […]
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Platinum (PL) Has Resumed Lower
Read MoreIn Jackson Hole speech last Friday, Fed’s governor Jerome Powell indicated that the Fed is serious in fighting inflation and will not pivot early. He also suggested that further hikes are likely as inflation rate continues to be elevated. The pace of change in inflation has started to slow down after a series of hikes […]
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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 […]