Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) […]

Copper has been a hot commodity, only to fall rapidly. If we look at Copper ‘s price action history on the daily chart, there is a giant spike from the 3.57 to 5.19 area in just a few months. After that, HG (Copper Futures) has crashed back down to just 3.95 today shown here. What […]

Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another […]

NG has been a hot commodity, literally. If we look at Natural gas’s price action history on the daily chart, there is a giant spike from the 1.80 to 3.10 area in just a few months. After that, NG has crashed back down to just 1.97 today shown here. What forecasting techniques could we have […]

Hello traders, welcome to another blog post. Today, we will examine WTI Crude Oil Futures (CL). The commodity experienced a sell-off in July 2024. How much lower can it go? And how can traders find opportunities along the dominant path? Looking back at the price action post-COVID, the commodity began a bullish cycle in April […]

Oil (CL) has turned lower in Elliott Wave impulsive structure. This article and video look at the short term Elliott Wave path.