Image Source: Pexels

Commodity: Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas, Elliott Wave Strategies

Update on Commodity Market Analysis Using Elliott Wave Theory:
Bitcoin's Elliott Wave pattern, specifically wave (C) of 4, is nearing completion, mirroring the Nasdaq's pattern. The USD DXY and 10-year yields are on an upward trajectory, whereas TLT Bonds are trending downwards. Gold and silver, along with GDX, are showing signs of increased upside potential. In the energy sector, crude oil prices are expected to rise, aligning with the dollar's movement, and natural gas is exhibiting two distinct wave patterns.

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

Video Chapters
00:00 Bitcoin (BTC) 
02:57 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields
11:10 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
22:21 Base Metals:China, Uranium URA ETF / 
32:13 Energy: Crude Oil WTI OIL / Natural Gas NG

More By This Author:

Elliott Wave Technical Analysis: Walmart Inc.
Stock Analysis & Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Cochlear Limited
Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar - Tuesday, April 2