Archive by tag: crude oilReturn
This commodity market update highlights expectations for key financial instruments and commodities in the face of changing market dynamics. The US Dollar and 10-Year Treasury yields are poised for slight increases, influencing bonds to decline and complete Wave C of (B). Gold and Silver are expected to undergo a corrective downturn from their current heights, aiming to finalize a correction pattern before presenting a long trade opportunity through a Classic TradingLevels pattern. In the cryptoc...
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This comprehensive analysis provides an in-depth look into the WTI crude oil market, utilizing the Elliott Wave principle to forecast future price movements. Readers will gain insights into current trends, support and resistance levels, and potential investment opportunities. The article offers strategic advice for navigating the volatile oil market, including bullish and bearish trends, corrective phases, and the implications of recent price recoveries. Perfect for traders and investors seeking...
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This analysis provides a comprehensive overview of the current trends in the commodity market through the lens of Elliott Wave theory, covering a wide range of commodities and financial instruments. Bitcoin is approaching the end of its Wave 4 correction, presenting potential opportunities at the $65k support level. The USD Dollar Index is poised for an increase, paralleling the rise in 10-Year Yields, while bond prices are expected to decrease, an important consideration ahead of today's FO...
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Elliott Wave analysis indicates a bullish correction trend in Crude Oil WTI. The market is currently navigating through the (B) wave within the broader corrective pattern of blue wave Y. Zooming into the H4 timeframe reveals a double zigzag pattern, with wave y expected to extend towards the 83.2 level. Traders should anticipate potential breakout opportunities above the psychological level of 80 and prepare for pullbacks for strategic entry points targeting 83.25, with an invalidation level set...
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This summary highlights the key points from an Elliott Wave analysis update on commodity markets. The analysis notes that while the Dollar, Yields, and Bonds show positive momentum, they have yet to establish their trends through Impulse waves. In contrast, Gold, Silver, and certain Forex pairs, including EURUSD and AUDUSD, are displaying clear movements. These trends are important as they help to clarify the direction for the Dollar, Bonds, and Yields. The analysis suggests that if these observ...
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Our latest Elliott Wave analysis provides a deep dive into the commodity markets, highlighting significant trends and potential opportunities across a range of assets. Bitcoin shows signs of a minor corrective phase before a potential uptick, while Gold's trajectory remains bullish, reflecting profitable gains. Crude Oil and Natural Gas face resistance, suggesting possible bearish trends ahead. A turning point in the USD, influenced by movements in 10-Year Yields and TLT Bonds, hints at bull...
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Unlocking Market Trends: Discover Elliott Wave Insights on Bitcoin, Bonds, Yields, and More. Stay Ahead with Expert Analysis.
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Commodity Market Elliott Wave Analysis for Bitcoin, Bonds, Yields, USD/ DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas, Corn, Wheat, Soybeans, Coffee, Cocoa.
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The Elliott Wave Analysis conducted on WTI Crude Oil, reveals a bullish corrective phase within a broader bearish correction cycle. With Red Wave (B) underway, traders await confirmation of its completion to determine long-term directional bias. On the 4-hour timeframe, a double zigzag pattern indicates Red Wave (B) development, with a potential bullish surge towards 84 if the correction holds. Traders are advised to monitor price action and key support levels for trading opportunities while man...
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Stay informed with our latest Elliott Wave analysis update covering Bitcoin, Bonds, Yields, USD/DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, and Natural Gas. Discover trends and insights for strategic decision-making in commodity markets.
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