In-Depth Elliott Wave Analysis: Bitcoin, Ethereum, Gold, Silver, And Key Commodities

black android smartphone turned on screen

Image Source: Unsplash
 

Commodity Market Elliott Wave Analysis Update: Bitcoin has a lot of short futures contracts keeping it lower, however, our wave count will continue to maintain Wave (4) low in place with the possibility of Wave 1 and 2 also in place. I look at Ether which is under the 3000 looking weaker and DOGE looking a little more positive. 
Gold, GDX, and silver are still tracking higher, so continue to hold long. Base metals are all positive with copper and Uranium trending well. Crude oil has been and is continuing to be lazy and finding it hard to lift off lows, that said XOM has started to make the move higher. Natural Gas as a corrective wave (2) rally is running out of stream.

Video Length: 00:41:08


More By This Author:

Elliott Wave Technical Analysis: Eaton Corporation Plc
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Rea Group Ltd.
Elliott Wave Technical Analysis: Corn - Tuesday, May 14

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with