Oil Craters 30%, How Low Can It Go?

by elliottwave-forecast.com | March 9, 2020 4:19 pm
OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel...

Sugar: Sellers Entered In The Blue Box As Anticipated

by elliottwave-forecast.com | March 9, 2020 4:16 pm
We always refer a lot to the blue boxes which are often shown on our charts and define them as High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. Traders are...

Elliott Wave View: Gold Bounced Strongly After Brief Selloff

by elliottwave-forecast.com | March 9, 2020 4:14 pm
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of...

Oil (CL_F) Selling Wave Four Bounce At The Blue Box Area

by elliottwave-forecast.com | February 3, 2020 4:40 pm
In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F).  Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down. ...

New free resource: “4 Commodities Ripe for Opportunity — NOW”

by ForexCycle.com | December 7, 2018 3:22 am
Trading commodities is tough business: It’s hard enough to spot a good setup, harder still to time pulling the trigger. Our friends at Elliott Wave International understand this reality — so, they’ve put together a free resource...

OIL Elliott Wave Analysis: Extending to the Downside

by elliottwave-forecast.com | August 9, 2018 12:10 pm
Oil ticker symbol: CL_F short-term Elliott wave analysis suggests that the bounce to $70.44 high ended intermediate wave (2). The internals of that bounce took place as Elliott wave double correction where Minor wave W ended in 3 swings at $69.92....

Elliott Wave Analysis: OIL Starting The Next Leg Lower

by elliottwave-forecast.com | August 2, 2018 10:40 am
OIL short-term Elliott wave analysis suggests that the bounce to $71.13 high ended primary wave ((B)) bounce against 7/03/2018 peak ($75.27). Primary wave ((C)) lower currently remains in progress as Elliott Wave impulse structure looking for more downside. Down from $71.13...

OIL Elliott Wave View: Providing Buying Opportunity Soon

by elliottwave-forecast.com | July 11, 2018 10:01 am
OIL short-term Elliott Wave view suggests that the pullback to $63.39 on 6/18/2018 low ended primary wave ((4)). Up from there, the instrument rallied strongly to the upside and went on to make new high for the year. A rally...

Soybean Hit 9 Year Low Due to Trade War

by elliottwave-forecast.com | June 22, 2018 2:30 pm
Early this week the price of Soybean futures (ZS_F) plunged to a new low in more than 9 years due to the tit-for-tat trade war between U.S. and China. Soybean Futures started to drop on Friday last...

Palladium (PA_F) Buying Opportunity Ahead?

by elliottwave-forecast.com | June 21, 2018 2:28 pm
Palladium ended a cycle from January 2016 low (452.63) and the pull back should be a Palladium Buying Opportunity. Rally from January 2016 low can be counted as an Elliott Wave Impulse when rally to 776 completed wave ((1)),...