In this blog, we are going to take a quick look at the Elliottwave chart of Corn (ZC_F).  The chart from 1.16.2020 New York update showed that Corn was doing a pullback in wave (2).  Wave A of (2) ended at 376’4 low.  Wave B of (2) ended at 390’5 high. From there, we expect […]

Oil extends lower in Elliott Wave impulsive structure within a bigger zigzag pattern. This article and video looks at the potential downside target.

With the official signing of Phase 1 trade deal between US and China today, we may have seen the worst in Soybean’s market at least in the short term. This of course assumes that China can commit to the agreement and US doesn’t take another measure. However, it seems safe to say that the tit-for-tat […]

Oil decline from Jan 8 high is impulsive suggesting it can see further downside. This article looks at the Elliott Wave path.

In this blog, we’re going to take a quick look at the Elliott Wave chart of copper.  The chart from 1.3.2020 update showed that copper ended the cycle up from 11.15.2019 low at 2.6130 to 12.26.2019 high at 2.8565 as 5 waves impulse structure.  Copper then did a pullback from the high, which unfolded as […]

Crude Oil prices jumped by more than $2 after US drone strike killed top Iranian general. Fears mount that Iran may target the oil industry infrastructure across the region in the event of further tit-for-tat escalation. Last year, there were precedent that Iran or its proxies targeted oil facilities and shipment. Iran has seized two […]