Lumber, also known as timber, is a type of wood that has been processed into beams and planks. One can trade it in form of Random Length Lumber futures and options at Chicago Mercantile Exchange within the agriculture asset class under the ticker $LBS. In 2020, we saw commodities turning higher. Then, a medium term […]

Oil (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.

In 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 […]

The 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 […]

Copper (HG) shows impulsive structure from September 21 low favoring more upside. This article and video look at the Elliott Wave pa

Gold shows incomplete sequence from September 30, 2021 low favoring more upside. This article and video look at the Elliott Wave path.