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: Selling Pressure in Oil Should Continue
Read MoreOil shows a bearish sequence from April 23, 2019 high favoring further downside. This article and video talks about the short term Elliott Wave path.
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GDX Elliott Wave View: Found Buyers in Blue Box and Rallied
Read MoreHello fellow traders. Today, I want to share some Elliott Wave charts of the GDX which we presented to our members in the past. You see the 1-hour updated chart presented to our clients on the 07/30/19. showing that GDX ended the cycle from 05/13/19 low at the peak of 07/23/19 at 28.41. Below from there, we […]
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Elliott Wave View: Gold Resumes Wave 5 Rally
Read MoreGold has resumed higher in wave 5. The rally from Aug 1 is impulsive and while dips stay above there, the metal can extend higher.
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Gold Reached The Biggest Extreme. What’s Next?
Read MoreGold has managed to reach it’s the biggest extreme from 2015 lows by reaching our target area at $1450. This article & video show the Elliott Wave path
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Silver Elliott Wave View: Impulse Move Favoring More Upside
Read MoreSilver rally from May 28, 2019 low is unfolding as an impulse Elliott wave structure favoring more upside to take place. The near-term pullback to $14.87 low ended wave ((ii)). Up from there, the metal made a strong rally to the upside and ended wave ((iii)) at $16.58 high. The internals of that rally unfolded […]
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SILVER ( $XAGUSD ) Forecasting The Rally
Read MoreHello fellow traders. Recently we were forecasting the rally in commodities like SILVER and GOLD. As our members know, GOLD has been showing an incomplete sequence from August 16, 2018 low. Consequently, we were expecting SILVER to follow the same path due to strong correlation they have. We advised members to avoid selling those commodities […]