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Key themes: Markets were in a holding pattern overnight as investors await key US inflation data later this week. US Fed Chair Powell is also due to speak, possibly providing further insights on future rate moves. US equities were mixed and lack direction for most of the session. US bond yields were broadly unchanged, with stronger […]

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Copper (HG_F) Elliott Wave : Forecasting the Rally from the Equal Legs Zone

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Gold Price Could Resume Upside, This Support Is The Key

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16/01/2024

WTI Oil Technical: Sideways Within a Potential Minor Bottoming Configuration

Ongoing hostilities in the Middle East region and the Red Sea shipping route have put a potential “floor” in oil prices due to the increasing risk of supply disruptions. The demand side has remained weak as China’s top policymakers have signalled a less forceful approach in enacting stimulus measures after PBoC left its 1-year MLF […]
09/01/2024

Dow Futures (YM) Doing Elliott Wave Corrective Pullback

Short-term Elliott Wave View in Dow Futures (YM) suggests that the rally to $38115 high has ended the cycle from the 10.27.2023 low in wave (3) as 5 wave impulse structure. Down from there, the index is doing a corrective pullback in wave (4) against the October 2023 low cycle. And is expected to find […]
26/06/2024

Gold: Third Time Lucky for the Bears?

Gold has been under moderate pressure since last Friday, when the price reversed sharply from above $2360. This is an important signal from the bears that they retain control of the market, forming a trend of lower local highs. On Wednesday morning, the price temporarily dipped below $2310, returning to the support area of the […]