Gold ( GC_F ) has been rallying since forming a low on 3/10 (1196). Rally from there is still incomplete and needs some more upside, so we were keep looking for buying any intraday dip in the yellow metal for continuation higher. Below is the Elliott wave 1 hour weekend updated chart from April 8, […]

Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute wave ((y)) is in progress and the internal is unfolding also as a double three Elliott wave […]

Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute wave ((y)) is in progress and the internal is unfolding also as a double three Elliott wave […]

NG #F (Natural Gas) has been rallying since forming a low on 2/22 (2.523). Rally is unfolding as a WXY or double three Elliott Wave Structure where wave W completed at 3.089 and wave X completed at 2.882. Up from red X low, Natural Gas is showing 5 swings up which means the sequence is incomplete […]

The sentiment for Raw Sugar (SB_F) has turned sour recently. After bottoming at 10.16 cents in 2015, Raw sugar futures have rallied strongly until it peaked at 24 cents last Fall. In fact, Raw Sugar was one of the best performing commodities in 2016, rising around 30% (see table below as of November last year) […]

Crude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from which it managed to bounce higher to resume the move to the upside looking to reach the […]