Copper Elliott Wave View: Next Extension Higher may have started

by elliottwave-forecast.com | June 7, 2018 2:22 pm
Copper ticker symbol: HG_F short-term Elliott wave view suggests that the pullback to 3.0101 on 5/30/2018 ended Intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott wave double three structure where Minor wave W ended at 3.0195. Minor...

World Uranium Index Suggesting Higher price for the metal

by elliottwave-forecast.com | May 31, 2018 3:11 pm
World Uranium Index (URAXPD) and Uranium Futures contract tracking the spot price of the metal which ended the downtrend cycle from 2007 peak and been bouncing higher since 2016 lows. The two instrument may have different dates for the peak or...

CL_F Elliott Wave View: Calling More Strength

by elliottwave-forecast.com | April 19, 2018 2:32 pm
CL_F Elliott Wave short-term view suggests that the decline to 61.80 on 4/06/2018 low ended Intermediate wave (2). Above from there, Intermediate wave (3) remains in progress as Zigzag Elliott Wave structure. Looking to extend higher towards 70.43-72.47...

Elliott Wave View: Copper Starts a New Leg Higher

by elliottwave-forecast.com | April 4, 2018 3:07 pm
Short Term Elliott Wave view in Copper suggests that the decline to 2.938 on 3.26.2018 ended Minor wave IV. The metal started a new leg higher from there in Minor wave V. Subdivision of Minor wave V...

Elliott Wave Analysis: Copper at Risk of Further Weaknesses

by elliottwave-forecast.com | March 9, 2018 10:20 am
Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272...

Gold is Ready for New Rally

by elliottwave-forecast.com | January 5, 2018 3:44 pm
Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways...

How Commodities Are Influencing FOREX Into 2018

by ForexCycle.com | December 19, 2017 7:27 am
Commodities has typically been a market that rails against forex. Whilst both markets drive growth and capital in the countries they’re hosted, they have pull and push effects against each other and the other major markets, with...

DJ Commodity Index is supporting Higher GOLD

by elliottwave-forecast.com | October 12, 2017 11:34 am
The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio...

China’s One Belt One Road (OBOR) is Bullish Commodities

by elliottwave-forecast.com | October 5, 2017 2:35 pm
What is OBOR (One Belt One Road) One Belt One Road (OBOR) is an initiative originally coming from China’s president Xi Jinping in 2013. The plan is the single biggest initiative since the opening up of China...