PetroChina Company Limited  is a Chinese oil and gas company and is the listed arm of the state-owned China National Petroleum Corporation (CNPC). Behind only Saudi Aramco and before another Chinese company Sinopec, it is the second largest worldwide in terms of revenue.  Founded 1999, it is headquartered in Dongcheng District, Beijing, China. International investors […]

Tesla (TSLA) cycle from 11.1.2022 remains in progress as an impulse. This article and video look at the Elliott Wave path.

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLK. The decline from the 16 August 2022 high unfolded as an impulse sequence and showed a lower low sequence within the bigger cycle from December 2021 peak. Therefore, we knew that the structure in XLK is incomplete to […]

The long term fundamental background in the next few years for Uranium remains very good. With the world in energy crisis and in need of a green energy, Uranium offers an alternative source. One way to capitalize on this opportunity is with the Uranium Miners ETF (URA). The ETF invests on the Uranium itself as well […]

ArcelorMittal S.A., (MT) together with its subsidiaries, operates as integrated steel & mining companies in Europe, North & South America, Asia & Africa. Its principal steel products include semi-finished flat products, including slabs, finished flat products comprising plates, coils & sheets, bars, wire-rods, structural sections, rails, pipes & tubes. It is based in Luxembourg, comes […]

Good day Traders and Investors. In today’s article, we will look at the past performance of the Weekly Elliottwave chart of Gold Miners ETF ($GDX). The decline from 08.03.2020 high marked the end of the cycle from Jan 2016 lows. The ETF traded lower in 3 swings and bounced at red w on 09.27.2021. The […]