Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of OIL ( CL_F ) published in members area of www.elliottwave-forecast.com. In further text we’re going to explain the structure and to see how we forecasted the path. Let’s start with 4 hour chart. OIL ( […]

Back in November 2016, we mentioned that Gold should find buyers in 1540 – 1487 area and bounce ideally to resume the rally for new highs or in 3 waves at  least. 3 weeks later, XAUAUD reached the mentioned area, it then found a low at 1525 on 12/15/2016 and started rallying. Yellow metal has […]

In our previous article, we talked about the Bullish Palladium XPDUSD which is supporting the commodity market for another leg to the upside. To be able to join for the move higher, we need to identify the potential scenarios and look for the next inflection areas using our Elliott Wave Theory charts. XPDUSD Elliott Wave View The move from January […]

The world is hooked on ‘Palladium’ because of its uses as an industrial metal and catalyst, the consumers are mainly automobile producers as it’s widely used in gasoline-based engine cars to curb harmful emissions from vehicles. Palladium surged +34% this year on expectations that supply will lag demand for a sixth straight year, beating the rest of […]

HG#F (Copper) is showing 5 swings incomplete sequence from 2/13/2017 high, preferred Elliott wave view suggests rally to 2.619 completed 6th swing as a FLAT in wave (B) and metal has now resumed the decline in 7th swing. Decline from 2.619 is so far corrective so wave (C) is expected to take the form of […]

OPEC ended its highly anticipated meeting on Vienna last Thursday to discuss about extending the production cut in Crude Oil. They have decided to extend the current agreement to cut production output by 1.8 million barrels per day by 9 more months to stabilize oil price. Oil prices plunged by more than 5 percent after the decision. […]