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: Oil Downside Target
Read MoreOil extends lower in Elliott Wave impulsive structure within a bigger zigzag pattern. This article and video looks at the potential downside target.
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Soybean May Benefit From US – China Phase 1 Trade Deal
Read MoreWith 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 […]
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Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure
Read MoreOil decline from Jan 8 high is impulsive suggesting it can see further downside. This article looks at the Elliott Wave path.
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Copper (HG_F) Buying The Dip From The Blue Box Area
Read MoreIn 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 […]
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Crude Oil Prices Jump as Middle East Tension Escalated
Read MoreCrude 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 […]
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SUGAR ( $SB_F ) Forecasting The Path & Buying The Dips
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SUGAR ( $SB_F ) published in members area of the Elliottwave-Forecast . As our members know, SUGAR is showing incomplete sequences in the cycle from the September 12th low (10.68). Break above 2nd October peak […]