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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Silver 1H Elliott Wave Analysis 12.21.2016 – Elliott Wave Forecast
Read MoreSilver metal is showing an incomplete Elliott Wave sequence from 11.9.2016 peak. There are 5 swings down from 11.9.2016 peak which makes short-term sequence bearish against 12.7.2016 (17.25) peak. Decline from 18.99 – 16.14 was a 3 wave move labelled wave W followed by a 3 wave bounce to 17.25 that completed wave X. Cycle […]
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Silver Metal Elliott Wave Forecast 12.20.2016
Read MoreSilver metal is showing an incomplete Elliott Wave sequence from 11.9.2016 peak. There are 5 swings down from 11.9.2016 peak which makes short-term sequence bearish against 12.7.2016 (17.25) peak. Decline from 18.99 – 16.14 was a 3 wave move labelled wave W followed by a 3 wave bounce to 17.25 that completed wave X. Cycle […]
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SI_F (Silver) Elliott Wave Forecast 12.19.2016
Read MoreSI_F (Silver) is showing an incomplete Elliott Wave sequence from 11.9.2016 peak. There are 5 swings down from 11.9.2016 peak which makes short-term sequence bearish against 12.7.2016 (17.25) peak. Decline from 18.99 – 16.14 was a 3 wave move labelled wave W followed by a 3 wave bounce to 17.25 that completed wave X. Down […]
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Silver XAGUSD Elliott Wave Forecast 12.16.2016
Read MoreShort Term XAGUSD Elliott wave forecast suggests that the rally to 17.25 ended wave X. Decline from there is unfolding as a FLAT where wave (a) ended at 16.64, wave (b) ended at 17.21 and wave (c) of ((w)) is expected to complete soon although marginal low is still expected towards as low as 15.8. Afterwards, […]
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CL_F rally will benefit Canadian Dollar
Read MoreIn November 30, the OPEC members agreed to cut oil production by 1.2 million barrels causing a 9.3% rally in CL_F. Since then, U.S. crude futures continued to rally and took out the previous high of the year made on October 18 at $50.78. We’ve suggested that from technical point of view, CL_F is showing […]
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CL_F Elliott Wave Forecast 12.12.2016
Read MoreShort Term CL_F Elliott wave forecast suggests that the rally from 11/14 (42.21) low is unfolding as a triple three where wave ((w)) ended at $49.2, wave ((x)) ended at $44.82, wave ((y)) ended at $52.43 and 2nd wave ((x)) ended at $49.64. CL_F has gapped up at the opening on Monday Dec 12 and short term while […]