Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February 5 low, wave 1 ended at 52.2 and wave 2 pullback ended at 49.42. Wave 3 higher is […]

XAUUSD (Gold) formed a secondary peak at 1593.82 on February 2, 2020 and turned lower sharply. Primary count suggests secondary peak completed wave B as a FLAT and wave C lower has started which should form part of a Zigzag Elliott wave structure down January 7, 2020 peak. A zigzag is a 5-3-5 structure in […]

In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F).  Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down.  The chart from 1.28.2020 New York Midday update showed that Oil has ended wave (3) at 52.15 low.  […]

Silver shows incomplete sequence from Jan 8 and the metal has scope to see more downside. This article and video look at the Elliott Wave path.

In this technical blog, we’re going to make a recap of our recent forecast in Silver (XAG), which has been following the path that we had established in our charts offered to the customers of Elliottwave-Forecast. If you’ve been following us in the last couple of weeks, an interesting move has happened in the metal […]

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 […]