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Commodities & Futures Market Analysis: Elliott Wave Insights & Strategies

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Unlocking Opportunities: A Comprehensive Commodities and Futures Trading Market Analysis with Elliott Wave and Trading Strategies

Welcome to our in-depth Commodities and Futures Trading Market Report, where we employ the power of Technical Analysis using the Elliott Wave theory and present valuable Trading Strategies. This analysis encompasses a variety of critical factors, including US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Crude Oil, and Natural Gas.

Video Chapters
00:00  US Gov Bonds 10 Yr Yields  / AU 10 Yr Bonds
04:12 Forex: US Dollar Index, DXY, EURUSD, AUDUSD
10:35 Precious Metals: Spot Gold /  GDX ETF / US Spot Silver 
17:12 Base Metals:  Iron Ore, XME ETF, Copper
25:02 Energy: Crude Oil / Natural Gas / XLE ETF
45:51 End

Commodities Market Summary: USD DXY and Its Impact on Commodity Trends

A focal point of our analysis revolves around the potential movement of the USD DXY. The pivotal question is whether the USD DXY will decline from its current level of 101, which holds the key to influencing other commodities and Forex markets, potentially driving them higher. Understanding the dynamics of the USD DXY is vital for making informed trading decisions in the commodities space.

Crude Oil's Fascinating Prospects

At present, Crude Oil has been surging, and it seems to be heading towards a significant resistance level at $80.00. This juncture has the potential to form a Classic TradingLevels pattern, specifically at the Major TradingLevel (TL8|80.00). Such patterns often signal crucial turning points and provide opportunities for long trades. As a result, traders should closely monitor Crude Oil's price action for the next potential trade setup.

Natural Gas: The Next Trend Higher

Amidst the commodities landscape, Natural Gas is displaying promising signs as it aligns itself for a potential upward trend. As traders, we are keeping a close eye on this commodity, anticipating a favorable opportunity for long trades.

Trading Strategies: Navigating the Markets with Confidence

To ensure that you capitalize on the potential opportunities presented by the commodities and futures markets, we have crafted well-researched Trading Strategies. These strategies are carefully designed to align with the principles of the Elliott Wave theory and Technical Analysis, empowering you to make informed decisions and mitigate risks.

Analyst Peter Mathers TradingLounge™ 

#Commodities #Futures #ElliottWaveAnalysis



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    • Commodity Market Elliott Wave Analysis for Bitcoin, Bonds, Yields, USD/ DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas, Corn, Wheat, Soybeans, Coffee, Cocoa. Commodity Market Elliott Wave Analysis Update: Identifying the crucial turn in the USD is paramount in our analysis. However, the challenge lies in interpreting the upward movement of the USD DXY, as it can be construed in multiple ways. To gain clarity on the DXY, I examine the 10-year Yields, which indicate further upside potential. Concurrently, TLT Bonds suggest continued downside momentum. Consequently, Gold, Silver, and base metals remain susceptible to selling pressure. Additionally, the Crude oil market exhibits an upward trajectory, aligning closely with the movement of the USD DXY. Notably, Forex pairs, particularly the AUDUSD, demonstrate a direct correlation due to the interconnectedness of commodity dollars. In summary, the market pivot necessary for trading has yet to materialize and may not occur until mid-March 24. Bitcoin: Wave iv) has concluded, and Wave v) appears poised towards 55k. Dollar: Expectations point to an increase in both the Dollar and Yields, with Bonds likely to decline. Gold and Silver: Currently experiencing a corrective rally. Crude oil: Favorable for long positions in crude, while shorting gas remains advisable. Video Chapters 00:00 Bitcoin (BTC) 03:28 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields 05:51 China 15:23 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG  16:20 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF 19:59 Energy: Crude Oil WTIOIL / Natural Gas NG 22:22 Softs and Grains, Cocoa, Coffee, Wheat, Soybeans 25:31 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge. com  Join & Learn Elliott Wave from Experts Stay ahead of market movements and make informed decisions with our comprehensive analysis.  
    • Yeah, I think it's the mechanism behind the BGB price trend. This could go farther than one would expect. So I'll be trying to add it to my pf to help boost its healthiness in the future.
    • I don't think we can still take part in the airdrop but buying it could be the best option particularly as the market seems to be helping to create a good entry price.
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