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: Oil (CL) Looking for 3 Waves Rally
Read MoreOil (CL) is looking for at least a 3 waves rally from November 5 low suggesting further upside. This article and video look at the Elliott Wave path.
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FCOJ: Frozen Concentrated Orange Juice Provides Opportunity
Read MoreIn the original article from March 2021, we have discussed the price action and the outlook for the Frozen Concentrated Orange Juice. Today, we present un updated view. 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 […]
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Soybean Has Reached Support Area
Read MoreThe fundamental outlook for Soybean (ZS) and other agricultural commodities continue to look bright. The major cost component of agricultural commodities is the energy prices. Farmers require gasoline to operate their equipment, while natural gas is used for fertilizer. The recent rise in energy price should continue to drive commodity prices up. Crude oil price […]
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Elliott Wave View: Copper (HG) Looks to Extend Higher
Read MoreCopper (HG) shows impulsive structure from September 21 low favoring more upside. This article and video look at the Elliott Wave pa
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Elliott Wave View: Gold Should Rally Further Short Term
Read MoreGold shows incomplete sequence from September 30, 2021 low favoring more upside. This article and video look at the Elliott Wave path.
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Elliott Wave View: XAGUSD Bounce Should Extend
Read MoreXAGUSD is showing a 5 swing motive sequence move up from September 29 low favoring bounce should extend. This article & video look at the Elliott Wave path.