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Commodity Futures Markets - Elliott Wave Trading Strategies


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Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium and Invesco DB Agriculture Fund EFT (DBA).
Market Summary: Stronger USD is seeing softer commodity prices. Soft commodities corn, wheat, sugar, and soybeans are dragging down the ETF DB Agricultural. Expect a small rally in gold and silver but the main trend is still lower in a larger corrective pattern.
Hard commodities nickel, copper and uranium are under pressure and have further downside. The energy sector crude and natural gas also have further declines to come.

Video Chapters
00:00 Dollar Index DXY
01:27 US Spot Gold & GDX ETF
05:30 US Spot Silver
05:43 DBA Agriculture Fund ETF CORN/ WHEAT/SOYBEANS/SUGAR
10:50 Crude Oil
11:52 Natural Gas
13:28 Iron Ore 
15:36 Copper / ETF
17:27 Nickel
19:19 Uranium ETF
20:55 Thanks for watching!

Commodity Futures Overview:
Elliott Wave Counts:
Gold  Elliott wave Triangle or bearish
Dollar Index DXY Elliott ABC Wave (4)
Iron Ore Elliott wave waiting to confirm 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)

 

Peter Mathers TradingLounge

 

 

 

 

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