Is the Crude Oil Market still under pressure from OPEC’s expectations? Chris Kairinos, Rand Merchant Bank You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#211182 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
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OPEC Optimism: Is It Sustainable?
Is the Crude Oil Market still under pressure from OPEC’s expectations? Chris Kairinos, Rand Merchant Bank You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#211182 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
Wave summary: The base-channel resistance line near 1.5765 is now behind us and wave iii should continue to accelerate higher towards the 166.56 target. Upon a break above 1.5834, the next minor resistance on the way higher will be seen at 1.6115. As we are in wave iii of 3, we should be aware that […]
Wave summary: EUR/JPY is already testing the extension target at 121.92 and the rally from 116.42 does not show signs of exhaustion yet. So as long as minor support seen at 121.22 is able to protect the downside, we should look for the possibility of even more upside towards 122.41 and maybe even closer to […]
Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends.
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Recently, the GOLD has been trading downwards. The price tested the level of $1,265.50. According to the 4H time frame, I found hidden bearish divergence and broken trendlines in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set at […]
Wave summary: EUR/NZD is now accelerating higher, which is exactly what we would expect from wave iii. We would likely to see the base-channel resistance-line near 1.5765 be broken too as that will add confidence in wave iii developing and call for even more upside acceleration higher towards the first extension target for wave iii […]
Series continues by looking at laytime and demurrage, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#207033 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
Wave summary: We continue to look for more upside towards 120.62 and possibly even higher towards 121.92 to complete wave iii/. Wave iii/ should be followed by a shallow flat correction in wave iv/ and ideally hold above 118.88 for the next impulsive rally higher. Longer term, we expect a rally to above 122.88 and […]
GOLD remains weak and in a short-term bearish trend. I expect $1,260 to be broken and price to move towards next support of $1,250-45. My longer-term view remains bullish. Gold price held above the 61.8% Fibonacci retracement of the move from $1,245 but is breaking below the 4-hour cloud support. The next leg down in […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Delinquencies have been increasing for subprime car loans. Yet, car dealers are unfazed and have been allowing buyers to “trade in underwater vehicles two or three times.” The credit boom is reaching an extreme. Learn How the Wave Principle Can Improve Your Trading
Overview GOLD is trading with an obvious bearish bias since the early session today, attacking the bullish channel support level. The metal approached this level testing the critical support at 1,263.17 and bounced higher quickly to settle above the mentioned channel support. This move keeps the bullish trend active until now. Traders are waiting until […]
Overview Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short […]
GOLD price as expected is pushing lower towards $1,260 as we justified a correction from last week. The causation today are the French election results. Technically Gold price could continue lower towards $1,260 or even $1,250 but my longer-term view remains unchanged. The gold price has reached the 61.8% Fibonacci retracement of the last move […]
Wave summary: After the expected minor correction to 1.5171 (the low came in at 1.5168), a strong rally above important resistance at 1.5347 has finally been seen to confirm that wave iii higher towards 1.6656 finally is developing. The former important resistance at 1.5347 will now work as support for the next rally higher to […]
Wave summary: We saw the expected decline to the 61.8% corrective target at 116.52 (the low was seen at 116.42) from where a new very strong rally was seen. The rally from 116.42 does not resemble a fifth wave rally but is more in accordance with a third wave rally, so we have changed our […]
Copper, Gold and More: A Fresh Look at Industrial and Precious Metals
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Overview GOLD price keeps its stability above the EMA50 that forms good support base for the intraday trading. To enable trading inside the bullish channel displayed on chart, we are waiting until the bullish bias resumes. The first upward target is located at 1,300.00. Therefore, we will keep our bullish outlook unless 1263.17 is broken […]
Overview Silver price broke the intraday bullish channel’s support, which forms a negative factor that is expected to push the price to test 17.43 before turning back to rise again. Therefore, the bearish bias is suggested temporarily. We are waiting for a bounce to resume the main bullish trend. The main target is seen at […]
Commodity Brief – Panama Canal
Series continues by looking at the Panama Canal, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#207032 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
Energy Volatility: What to Expect Next Our Chief Energy Analyst talks about what he’s looking at across the energy markets By Elliott Wave International In this new interview with Steve Craig, the Editor of our Energy Pro Service, he explains that when looking across the energy complex, 2017 is playing out according to his Elliott […]
The Myth of Shocks
The Myth of Shocks An Excerpt from Chapter 1 of The Socionomic Theory of Finance By Robert Prechter Few people find a new theory accessible until they first see errors in the old way of thinking. Part I of this book challenges the universally accepted paradigm under which humans’ rational reactions to exogenous (external, or […]
GOLD price continues to move sideways in a corrective manner. The move that started from recent highs is part of a correction and we are just above the 38% Fibonacci retracement of the rise from $1,246. I remain longer-term bullish but cannot rule out a steep decline towards $1,250 before the resumption of the up […]
Wave summary: EUR/NZD is testing resistance at 1.5347 indicating that the wave ii correction completed the test of 1.5054 and wave iii higher now is unfolding. Normally third waves become the extended wave and if this is the case here, we should look for wave iii to reach a minimum of 1.6656. Short-term, we could […]
Wave summary: Minor support at 116.45 protected the downside, which called for a direct extension higher to 117.99 (the peak of wave iii/ has been seen at 117.82). and a correction in wave iv/ is now unfolding toward 116.52 before higher again towards 119.35 to complete wave i. It’s possible to count the rally from […]