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) Impulsive Rally In Progress
Read MoreOil (CL) shows an impulsive rally from November 2 low & can continue to see further upside. This article and video look at the Elliott Wave path.
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$U : Uranium Participation Corporation Ramping Up
Read MoreUranium Participation Corporation (UPC) is a holding company which invests its assets long-term in the uranium, both in form of uranium oxide and uranium hexafluoride. Founded in 2005, UPC has its headquarters in Toronto, Canada. One can trade it under the ticker $U at the Toronto Stock Exchange. Investors in shares of UPC possess, therefore, […]
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Post-Pandemic Future Demand Recovery Supports Oil
Read MoreThe news that Covid-19 vaccines will soon be available to fight the pandemic has boosted the global oil markets. Demand has plummeted since the start of the pandemic. Organization of the Petroleum Exporting Countries (OPEC) projects 2020 oil demand to be 9.8 million bpd (barrels per day) lower than 2019. In 2020, OPEC cut production […]
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Elliott Wave view: Copper (HG) Still Has Further Upside
Read MoreCopper (HG) rallies as an impulse from Nov 2 low and pullback should continue to see support. This article and video look at the Elliott Wave path.
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Will Rising Prices in Hard Red Winter Wheat Make Bread Lovers Suffer?
Read MoreHard Red Winter Wheat is one of the grain commodities, along with soft red wheat, corn, soybeans and others. Within the wheat family, first of all, there is a fundamental difference between two wheat types. Soft wheat is low in protein and is basically used in cakes in pastries. By contrast, hard wheat has a […]
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Elliott Wave View: Pullback in Oil Should Stay Supported
Read MoreOil shows a bullish sequence from April low and should continue to be supported in 3, 7, 11 swing. This article and video look at the Elliott Wave path.