Gold is seemed to be poised for an Up move considering the pattern mentioned above. If proves valid, Gold could reach new lifetime highs in the coming sessions.
Natural Gas is now residing in its year long support zone around 175 - 160 range if it breaks down it can go till its lifetime support zone of around 115 - 120 . if breaks above 190 (Giving a bullish confirmation) we shall expect it to go at least till 280. Remember this is a positional call which could go on for months.
USOIL is due for a breakdown from its positional support. If breaks , it could provide a good trading opportunity with proper risk to reward ratio.
Natural Gas is waiting to give a huge breakout on either side , Unless the side is identified , Kindly stay put.
CRUDEOIL is about to give a good upside impulse if it proves the above theory.
Natural Gas is About to give a good impulse move in the coming weeks once it breaks the consolidation.
Dollar Index Is poised for a slight upward correction considering the downward trend its been on since last month.
Since the Chinese Index is Bottoming Out and Aluminum at its 4th wave Correction end , One can expect a good bull run in Aluminum in the coming months.
DMART is about to give a good impulse on the upside if breaks above 4120 . Lets observe how it moves.
Silver is getting ready for another up move if proves the above impulse wave pattern. Failing which, will continue in its downward trajectory. If looking for a long entry, Look for confirmations, Aggressive entry is not recommended.
In the Near term Crude Oil is expected to correct to its previous support levels around $63 - $61. If breaks that could reach around $50 - $45 as seen in the Fib retracement Above. However, If it takes support from there , Crude Will continue its upward trajectory as seen in its long term trend.
Though the overall long term trend for Gold seems bullish ,in the near term it is still due for a small correction. Let's see how this pattern pans out.
After breaking up the triangle pattern expect it to give a really good impulse on the upside
Crude oil is set for another correction proving the theory {( ABCDE ) Triangle pattern} as mentioned. Let's see how it reacts.
As seen in the chart with the help of Elliott and Fibonacci the expected impulse could take BTC to the highly anticipated level of $100000. lets see how it performs in the coming months.
As we have seen previously , The market is still within the range and is due for an impulse. The question is in which direction could we see the impulse getting triggered. from my analysis of Elliott wave it seems like an upward impulse being due.
Since Copper is in a consolidation , A Break out or breakdown from the support / resistance trendlines could trigger an impulse move on those sides respectively. With resistance around - 712 - 714 With Support around - 702 - 700
Its been a while since I have used Elliott to signify an upcoming trend., Although my significance is on that continuing triangle breakout. Let's see how it performs.