Commodity Futures: DXY, Iron Ore, Gold, Silver, Oil, Copper

Photo by American Public Power Association on Unsplash

Market Summary:

  • 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 ...

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