The 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 […]

Copper (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.

Hard 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 […]

Oil 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.

Short Term Elliott Wave view in Gold (XAUUSD) suggests the metal continues the correction lower. The internal of the decline from November 9 peak is unfolding as a zigzag Elliott Wave structure.  Down from November 9 peak, wave ((a)) ended at 1850. Up from there, bounce in wave ((b)) unfolded as a zigzag in lesser […]

Silver (XAGUSD) decline from Nov 9 high looks impulsive and still has scope to see further weakness. This article and video look at the Elliott Wave path.