Category: Commodities

24 october crude oil elliott wave analysis

24 October Crude Oil Elliott wave analysis

Since the February-June Crude Oil rally last year when price moved from $26 to $51, the black commodity has been moving in a range. From early March 2016 till now, the highest price has been $56 and the least is $38….

16 oct gold elliott wave analysis

16 October Gold Elliott wave analysis

Gold made a solid bullish impact throughout last week after breaking out of an important wave pattern.There is a strong likelihood that the bullish momentum will continue and probably break above 1358 top. In the last update, we witnessed Gold…

12 oct elliott wave analysis

12 October Crude Oil Elliott wave analysis

Crude Oil gained about $2 after Saudi Arabia decided to reduce their Oil exports. Technically, we were looking for more dip to $45 before the rally resumes. Despite the bullish spike caused by the announcement, it’s still possible that the…

10 october elliott wave analysis

10 October Gold Elliott wave analysis

In the 2 October Commodities analysis, we speculated a reversal zone for Silver and Gold. These reversal zones played out as price made a solid breakout upside. There is now a strong likelihood that the bullish momentum in Gold will…

9 october crude oil elliott wave analysis

9 October Crude Oil Elliott wave analysis

In the 29 September Commodities update, we called for the price of Crude oil to drop to around $45-47 in the coming weeks after price completed the d-leg of a larger degree triangle. Price before had dipped below $52 after…

9 october silver elliott wave analysis

9 October Silver Elliott wave analysis-bullish setup?

Silver broke below the 16.5 support level last week and came close to $16.1 before making a quick, sharp breakout move upside. In the last update on commodities, we discussed about this possibility. Let’s look at what we expect next…

02 October Elliott wave analysis-Gold/Silver/Crude

In less than a week Crude oil dropped $2. Silver dipped to $16.5 and Gold bearish correction continues. We had a perfect forecast especially for Crude oil. This update looks at these popular commodities and  what could happen this week…

Enjoy this analysis? Follow ClassicWaveTrading