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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$XAUUSD Elliott Wave View: Can Be Nesting Higher
Read More$XAUUSD rally from November 12, 2019 low can be nesting higher as an impulse structure, favoring more upside. This article looks at the Elliottwave path.
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Elliott Wave View: Copper Rallying as an Impulse
Read MoreShort-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, […]
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Elliott Wave View: Impulsive Rally in 10 Year Notes (ZN_F)
Read MoreShort Term Elliott Wave view on Ten Year Notes (ZN_F) suggests that the decline to 128 ended wave w. Wave x bounce is unfolding as a zigzag Elliott Wave structure. Wave ((A)) of x remains in progress with internal subdivision of a 5 waves impulse. Up from 128, wave (1) ended at 128.18 and pullback […]
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Elliott Wave View: Rally in Oil (CL_F) Remains Corrective
Read MoreSince bottoming on Oct 3 at $50.99, rally in CL_F takes form of a corrective structure. This video looks at the Elliott Wave path.
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Silver Elliott Wave View: Incomplete Sequence Calling More Downside
Read MoreSilver is showing 5 swings incomplete sequence from 9/04/2019 peak ( $19.64) favoring more weakness. This article and video show the next Elliott Wave path.
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Gold Suffered Biggest Weekly Drop in 3 Years on Trade Prospect
Read MoreGold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its biggest weekly drop since November 2016. A risk on market caused dollar to surge and US equities to break to all-time high. Earlier last week, […]