Commodities Futures Markets - Wednesday, Feb. 16

Chart, Trading, Courses, Forex, Analysis

Image Source: Pixabay

Commodity Futures Overview:

  • Gold, Copper, Natural Gas are in Intermediate Wave (4) Triangles.  
  • Gold and Crude Oil may have completed their rallies due partly to the Ukraine Russia discussions.
  • US 10 Yr Yields will continue to hover above and below the 2% for a while
  • Iron Ore has completed Wave 1, so Iron Ore stocks are following and will produce a great buying opportunity in about a month.

Elliott Wave Counts:

  • Gold  Elliott wave Triangle Pattern Wave  ii)  of A of (E) of 4)
  • Dollar Index DXY Elliott Wave (b) rally
  • Iron Ore Elliott wave: a) of 2
  • Crude Oil Elliott wave v) of 5 top in place?
  • Copper Elliott wave Triangle a) of E of (4)
  • Nickel Elliott Wave (b) of c) of 2
  • Uranium ETF Elliott wave Expect new low after current rally
  • Natural Gas Elliott Wave Triangle b) of C of (4)

Video Length: 00:24:15

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 ...

more
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.