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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(PA_F) Palladium Buying Opportunity Ahead?
Read MorePalladium ended a cycle from January 2016 low (452.63) and the pull back should be a Palladium Buying Opportunity. Rally from January 2016 low can be counted as an Elliott Wave Impulse when rally to 776 completed wave ((1)), dip to 652.15 low completed wave ((2)), rally to 1023.95)completed wave ((3)), dip to 973.60 low […]
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Oil Price on Holding Pattern Ahead of OPEC meeting
Read MoreThe Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna next week to discuss potential reduction or revision to the 1.8 million barrels/day production cut put in place in early 2017. After yearlong rise in oil and gasoline price, there’s a call to control the price from rising too far and too fast. […]
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Copper Elliott Wave View: Next Extension Higher may have started
Read MoreCopper ticker symbol: HG_F short-term Elliott wave view suggests that the pullback to 3.0101 on 5/30/2018 ended Intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott wave double three structure where Minor wave W ended at 3.0195. Minor wave X ended at 3.1485 high and the decline to 3.0101 low ended Minor […]
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World Uranium Index Suggesting Higher price for the metal
Read MoreWorld Uranium Index (URAXPD) and Uranium Futures contract tracking the spot price of the metal which ended the downtrend cycle from 2007 peak and been bouncing higher since 2016 lows. The two instrument may have different dates for the peak or low but they share the same swings and URAXPD is the one leading move at current […]
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Wheat Elliott Wave Analysis: Forecasting And Buying The Rally
Read MoreIn this blog, I want to share some short-term Elliott Wave charts of Wheat Futures which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 05/15/18 showing Wheat reaching a blue box buying area as a Zig-zag Elliott wave structure. Wheat ended the cycle from […]
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CORN (ZC #F) Futures Forecasting the Rally & Buying The Dips
Read MoreHello fellow traders. Another trading opportunity we have had lately is Corn Futures. In this technical blog we’re going to take a quick look at the Elliott Wave charts of ZC #F published in members area of the website. In further text we’re going to explain the forecast and trading setup. As our members know, […]