Commodities Futures Markets - Wednesday, Feb. 16
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