oil-elliott-wave

OIL Elliott Wave Analysis: Bearish Reversal

Crude oil has turned bearish recently with a sharp reversal down from around 104.00 level and through the lower support line of a corrective channel. A reversal from the highs is very strong with increasing volume and momentum, and impulsive price action. Therefore we believe that wave (c) down is under way back to

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gold-elliott-wave

GOLD Elliott Wave Analysis: Rally Into Resistance Zone

Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we think that rally from the low is temporary; ideally it’s wave (b) that is part of a larger downtrend. We see price now moving into 1320-1342 reversal zone from where a new sell-off may occur. A decline in impulsive fashion will confirm a downtrend continuation for this

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GOLD May Face Resistance: Elliott Wave Analysis

Gold has extended it’s gains well above 1300 mark in the last few weeks from 1251, triangle low. Notice that we have adjusted the wave count but actually massage is the same; we see a corrective advance from 1181 moving into 1345/50 resistance. We are observing a zigzag with a triangle placed in wave (b). We also know that wave (b) pattern CANNOT be labeled as wave two, because triangles never occur in wave two position. So we believe that rally is a contra-trend and that gains will be limited. However, before we can confirm a bearish reversal we need an impulsive structure to the downside. In other words, we need five wave decline back to 1300 area.

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gold-elliott-wave

GOLD Elliott Wave Analysis: Faces Resistance Around 1330

Gold broke above 1300 mark, making an extended leg from 1251, triangle low. Notice that we have adjusted the wave count but actually massage is the same; we see a corrective advance from 1181 now testing 1330 resistance. We are observing more simple count now, a zigzag with a triangle placed in wave (b). We also know that wave (b) pattern CANNOT be labeled as wave two, because triangles never occur in wave two position

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oil-elliott-wave-analysis

OIL Elliott Wave Analysis: Complex Correction In Wave (iv)

Crude oil is now turning slightly down from around 98.60 after only three waves up from 95.20 so we labelled this move as wave b) that is part of a complex correction in wave iv). We are tracking idea of a flat where we may see a re-test of 95 area before prices may turn up again for wave (v) of

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GOLD Elliott Wave Analysis: Rally Into Resistance Zone

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GOLD May Face Resistance: Elliott Wave Analysis

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GOLD Elliott Wave Analysis: Faces Resistance Around 1330

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OIL Elliott Wave Analysis: Complex Correction In Wave (iv)

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Technical forecast for Corn

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Elliott Wave Analysis: Gold and Oil Are Ready For A Pull-back

We know that after every five wave move correction

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OIL Elliott Wave Analysis: Bearish Reversal

Crude oil has turned bearish recently with a sharp

oil-elliott-wave-analysis

OIL Elliott Wave Analysis: Complex Correction In Wave (iv)

Crude oil is now turning slightly down from around

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Technical forecast for WTI Crude

WTI Crude unable to reach 9445 in a near

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Technical forecast for WTI Crude

WTI Crude bounced off 103.65/50 as predicted & beat

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Technical forecast for Natural Gas

Natural Gas beat 3.500 to fill the gap at

Grains

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Technical forecast for Corn

Corn held 412/11 & managed to beat 415/16 as

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Technical forecast for Corn

Corn broke 420/419 & as we warned the outlook

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Technical forecast for Corn

Corn tried a move towards 476/477 for profit taking

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Technical forecast for Wheat

Wheat for December held resistance at 657/658 as expected

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Technical forecast for Corn

Corn tested good support at 477/476 & saw a

Metals

gold-elliott-wave

GOLD Elliott Wave Analysis: Rally Into Resistance Zone

Gold is recovering from 1277 low but still showing

gold-elliott-wave1

GOLD May Face Resistance: Elliott Wave Analysis

Gold has extended it's gains well above 1300 mark

gold-elliott-wave

GOLD Elliott Wave Analysis: Faces Resistance Around 1330

Gold broke above 1300 mark, making an extended leg

gold4

Technical forecast for Spot Gold

Spot Gold rocketed through all resistance to gain almost

gold3

Technical forecast for Spot Gold

Spot Gold tested resistance at 1335/37 to take profit

Softs

sugar2

Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at

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Technical forecast for Soybeans

Soybeans formed a bearish double top in place &

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Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at

soy1

Technical forecast for Soybeans

Soybeans bounced towards 1366 but only made it to

sugar

Technical forecast for Sugar

Sugar #11 hovering between 16.65 & August lows at