Silver Short term Elliott Wave view suggests that the decline to December 12.2017 low 15.60 ended Intermediate wave (X). A rally from there is unfolding as an impulse Elliott Wave structure with extension in 3rd swing higher, where each leg has internal oscillations of 5 waves thus favoring it to be an impulse. These 5 waves move higher, either ended Minor wave A in […]

Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still […]

Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways range around $1250 area before the final bounce came by year end to allow the precious metal to […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of OIL (CL #F) published in members area of www.elliottwave-forecast.com. We’re going to explain the  Elliott Wave forecast and our trading strategy. As our members know , we were keep saying that OIL is trading within […]

HG_F (Copper) is up more than 4% this week and the rally from 12/5 (2.942) low started off in a choppy fashion but has gained enough legs to take the form of an impulse. In this blog, we will take a look at Elliott Wave labelling of the rally from 12/5 low in Copper metal. Below […]

Hello fellow traders, in this article I want to discuss with you the Gold to Silver Ratio. Before we get into that let me explain it shortly. Well, the gold to silver says how many silver ounces it takes to buy one ounce of gold. Which basically tells us how many ounces of silver we […]