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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OIL (CL #F) forecasting the path
Read MoreHello 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. In further text we’re going to get through short term price structures and explain the Elliott Wave view. OIL Elliott Wave 1 Hour New […]
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Copper swings sequences calling the rally
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Copper published in members area of www.elliottwave-forecast.com. In further text we’re going to count the swings, explain the short term Elliott Wave view. Copper Elliott Wave 1 Hour Chart 10.10.2017 As our members know, Copper […]
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DJ Commodity Index is supporting Higher GOLD
Read MoreThe Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio or any single commodity to make up more than 15%. Gold is the top weighted commodity of the […]
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China’s One Belt One Road (OBOR) is Bullish Commodities
Read MoreWhat is OBOR (One Belt One Road) One Belt One Road (OBOR) is an initiative originally coming from China’s president Xi Jinping in 2013. The plan is the single biggest initiative since the opening up of China to foreign investment. President Xi called it a “project of the century”. In America, globalization has lost its […]
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Gold Soars Above $1300 as Concerns Mount
Read MoreGold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea firing a ballistic missile over Japan, which boosts the safe haven demand. The yellow metal then extended the […]
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Gold Elliott Wave View: 5 Waves Up
Read MoreShort Term Gold Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A ended at 1274.45, Minute wave ((iii)) of A ended at 1326, and Minute wave ((iv)) […]