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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GDX Elliott Wave Analysis: Calling The Reaction Higher From Inflection Area
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 08/30/19. showing that GDX ended the cycle from 08/18/19 low at the peak of 08/28/19 at 30.88. Below from there, we […]
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Elliott Wave View: How High Can Silver Go?
Read MoreSince forming the low on November 2018 at $13.9, Silver has rallied 40% to current price of $19.4. The move higher from $13.9 low took the form of a 5 waves impulsive Elliott Wave structure. On the 1 hour chart below, we can see wave (4) pullback ended at $16.92. The metal has since resumed […]
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Gold Broke to New All-Time High Against Most Major Currencies
Read MoreGreat Year for Precious Metals Year 2019 certainly has been a good year for the Gold bulls. The metal accelerated its rally after President Trump announced 10% tariffs on the remaining $300 billion of Chinese imports. China then let the Yuan weaken and rise above 7 against the U.S. dollar for the first time in […]
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Elliott Wave View: Gold Likely Still Has More Upside
Read MoreGold has continued to hold firm and find bids in a pullback. This article and video explains where it could potentially be heading.
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Elliott Wave View: Copper Expected to Turn Lower Soon
Read MoreShort Term Elliott Wave structure in Copper suggests the rally to $2.64 ended wave (2). The metal has since resumed lower in wave (3). The internal of the move lower is unfolding as an impulse Elliott Wave structure. Down from 2.64, wave ((i)) ended at $2.578, wave ((ii)) ended at $2.626, wave ((iii)) ended at […]
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Elliott Wave View: Silver Remains Supported
Read MoreSilver continues to benefit from the flight to safety after trade war escalation. This video discusses the short term Elliott Wave path.