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 […]
-
The Future of Copper and a Look Back – Trading Review
Read MoreCopper has been a hot commodity, only to fall rapidly. If we look at Copper ‘s price action history on the daily chart, there is a giant spike from the 3.57 to 5.19 area in just a few months. After that, HG (Copper Futures) has crashed back down to just 3.95 today shown here. What […]
-
Oil (CL) Should Continue Lower to Build an Impulsive Structure
Read MoreShort Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another […]
-
The Rise and Fall of Natural Gas – Could you have caught the top with these Forecasting Techniques?
Read MoreNG has been a hot commodity, literally. If we look at Natural gas’s price action history on the daily chart, there is a giant spike from the 1.80 to 3.10 area in just a few months. After that, NG has crashed back down to just 1.97 today shown here. What forecasting techniques could we have […]
-
Elliott Wave Analysis: Oil (CL) sets for further sell-off after bounces
Read MoreHello traders, welcome to another blog post. Today, we will examine WTI Crude Oil Futures (CL). The commodity experienced a sell-off in July 2024. How much lower can it go? And how can traders find opportunities along the dominant path? Looking back at the price action post-COVID, the commodity began a bullish cycle in April […]
-
Oil (CL) Turning Lower in Elliott Wave Impulsive Structure
Read MoreOil (CL) has turned lower in Elliott Wave impulsive structure. This article and video look at the short term Elliott Wave path.
-
Copper (HG) Double Three Elliott Wave Correction in Progress
Read MoreShort Term Elliott Wave View in Copper (HG) suggests that correction from 5.20.2024 high remains in progress. The internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from 5.20.2024 high, wave (W) ended at 4.305 and rally in wave (X) ended at 4.7015. Wave (Y) lower is in progress […]