Natural Gas - waiting for the next long trade set up.
Crude Oil and XME will have a short-term top and then correction which will be the buying opportunity, gold and silver are moving down into Wave b) once completed will head higher into Wave c), and soft commodities corn and wheat are heading lower with DB Agricultural in Wave 4.
Copper is now a long trade and Nickel I have a long trade set up - that said the trends still need confirming, so it's currently very high risk.
Commodity Futures Overview:
Gold Elliott wave (4) Triangle
Dollar Index DXY Elliott ABC Wave (4)
Iron Ore Elliott wave waiting to confirm the count
Crude Oil Elliott wave IMpulse wave and trading long
Copper Elliott wave Impulse wave trading long
Nickel Elliott Wave Impulse and trading long
Uranium ETF Elliott wave Impulse wave trading long
Natural Gas Elliott Wave 5 of (3)
Video Length: 00:29:58
Disclosure:
As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
Comments
Log in or sign up to join the conversation.