24Apr

Elliott Wave Analysis Update: Stability and Opportunities in Commodity Markets

Commodity Market Elliott Wave Analysis for Bitcoin, Ethereum, Crypto Index, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas, XLE ETF, XME ETF.

Elliott Wave Analysis Update for Commodity Markets: Current Analysis Remains Unchanged

In the latest Elliott Wave analysis of the commodity markets, there is no alteration in the wave counts. Bitcoin is reinforcing its position with Wave (4) appearing to be established, contrasting with Ethereum which shows less clarity. The U.S. Dollar and 10-year yields are expected to continue their upward trajectory. 

Gold, silver, and uranium are nearing the completion of their Wave 4, suggesting that opportunities for long trades may arise soon. Natural gas is currently in the e) wave of a Wave 4 triangle formation. Crude oil, maintaining a price above $80.00, remains in a bullish stance, as do ExxonMobil (XOM), alongside sector indices XLE (energy) and XME (metals and mining).

Video Chapters
00:00 Bitcoin (BTC) ETH/USD / Crypto Index
09:49 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields
17:48 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
28:49 Base Metals:Lithium, Uranium URA ETF / Copper / ETF XME
35:36 Energy: Crude Oil WTI OIL / Natural Gas NG / ETF XLE
41:08 End

See previous Video: Commodity Markets Analysis

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