31Jan

Commodity Market Insights: Crypto Trends, Forex Movements, and Metals Analysis for Strategic Trading

Commodity Market Elliott Wave Analysis: Bitcoin has an Impulse wave up of its 40k low. Interestingly, this pattern is not confined to Bitcoin alone; similar tendencies are discernible in other cryptocurrencies like DOT and XRP. I intend to engage in a discussion with Kittiampon to delve into these developments further, exploring potential long positions within the crypto market on the up-and-coming Elliott wave abc corrective retracement.
Shifting our attention to the Forex market, the USD DXY is maintaining its elevated position. Nevertheless, noteworthy movements are underway, with the CAD and CHF exhibiting indications of a potential downside break, while the AUD and other currencies are showcasing an upward trend. That said, it is not confirmed that the USD / DXY will move lower.
Turning to Precious Metals, silver is manifesting signs of an impulse wave pushing it higher. I am contemplating taking advantage of a buying opportunity during the abc wave b correction. On the other hand, Gold presents a slightly different scenario, prompting me to explore potential entry points during its retracement.
Base Metals, there are unfolding developments suggestive of the later stages of an impulse wave higher for copper, while Iron Ore is still working through Wave B of an ABC corrective pattern before further upside and Uranium is being held at 30.00 dollars Major TradingLevel 3 (TL3)  My attention is directed towards identifying potential long trade setups during the retracement phase, with a particular emphasis on stocks such as BHP, RIO, FMG, VALE, among others.

Video Chapters
00:00 Bitcoin (BTC)
05:44 US Dollar Index, DXY 
07:25 TLT Bonds. US Gov Bonds 10 Yr Yields
10:38 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
13:57 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF
16:23 Energy: Crude Oil WTIOIL / Natural Gas NG
25:51 End

Join TradingLounge & Learn from the experts - Best Value for Elliott Wave

See the previous Commodity Video here

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge.com  Join & Learn from Experts

Related

Elliott Wave Forecast for PayPal (PYPL) US Stock: Bullish Wave C Movement Across Daily and Hourly Charts Explained in Detail

Elliott Wave Forecast for PayPal (PYPL) US Stock: Bullish Wave C Movement Across Daily and Hourly Charts Explained in Detail

This Elliott Wave breakdown for PayPal (PYPL) highlights a bullish trend in Wave C across daily and ...

Read More >
Gold (XAUUSD) Commodity Ongoing Bullish Trend in the Market: In-Depth Elliott Wave Technical Analysis and Forecast

Gold (XAUUSD) Commodity Ongoing Bullish Trend in the Market: In-Depth Elliott Wave Technical Analysis and Forecast

In this detailed Gold Elliott Wave analysis, we explore the ongoing bullish trend in the gold market...

Read More >
NEOUSD Elliott Wave Analysis: Bullish Setup for Wave (3) | NEO Price Prediction and Swing Trade Strategies for Crypto Traders

NEOUSD Elliott Wave Analysis: Bullish Setup for Wave (3) | NEO Price Prediction and Swing Trade Strategies for Crypto Traders

NEOUSD is stabilising after a major decline, setting up a bullish Elliott Wave (3) rally. Learn key ...

Read More >
Wheat Elliott Wave Analysis Predicts Ending Diagonal in Wave V, Resisting in Wave C, Major Trend Reversal Toward $500

Wheat Elliott Wave Analysis Predicts Ending Diagonal in Wave V, Resisting in Wave C, Major Trend Reversal Toward $500

Wheat futures have been climbing since May 13, 2025, nearing a resistance zone. This appears to be t...

Read More >
SP500, NASDAQ 100, DAX 40, FTSE 100, ASX 200: Elliott Wave Trading Strategies

SP500, NASDAQ 100, DAX 40, FTSE 100, ASX 200: Elliott Wave Trading Strategies

TradingLounge’s Elliott Wave Analysis blog post provides expert insights on major indices (S&P 500,...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on