Jump to content

Commodities & Futures Market Analysis: Elliott Wave Insights & Strategies


Recommended Posts

Posted

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

 

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Hey guys, I came across and event to earn big rewards with only 6 Days to Mine (Dec 10–16) Reward Pools: USDT Pool: 3,960 $HYPE (660/day) And BTC Pool: 2,640 $HYPE (440/day) with Staking Limits are maximum of 10,000 USDT & maximum of 0.1 BTC. Don’t miss out on this exclusive opportunity to mine $HYPE while staking your assets on BingX exchange.
    • $KIP Protocol is making waves in the blockchain world with its AI-driven approach to Web3 innovation. Built on the Ethereum blockchain, KIP offers a secure and scalable foundation, enabling users to harness the potential of AI in decentralized ecosystems. To celebrate its growth, KIP Protocol has launched an exciting opportunity for participants to earn rewards through its listing carnival on BingX. A massive 3,000,000 KIP tokens are up for grabs, offering users a chance to trade and earn while supporting the protocol's ecosystem. By combining Ethereum’s robust infrastructure with AI's transformative capabilities, KIP Protocol is positioned to lead the way in creating intelligent and decentralized solutions. This initiative underscores the increasing synergy between blockchain and emerging technologies, making it a project worth exploring. Are you ready to trade, earn, and be part of the next wave in blockchain innovation?
    • Airdrops are a popular method in the crypto space to reward loyal users and encourage new adopters. Tomarket is no exception, aiming to reward its most active players by distributing 80% of its TOMA token supply through a series of Tomarket airdrop stages. This initiative recognizes the contributions of users who have supported Tomarket’s growth on the TON blockchain. (To participate click here) The Four Phases of the Airdrop Tomarket airdrop is being carried out in four distinct stages, each designed to reward different segments of the community. Stage 1: Completed on October 31, 30% of the TOMA tokens were released to early participants. Stage 2: A further 30% of the TOMA supply will be revealed before the official token listing on December 20. Stage 3: An additional 17% of the TOMA tokens will be distributed during this phase, though the exact timing is still to be determined. Stage 4: The final 3% will be allocated to early adopters, with specific timing for this stage yet to be announced. How to Qualify for the Tomarket Airdrop Participating in the Tomarket airdrop is simple, but there are a few tasks you need to complete to be eligible: Add the Tomato Emoji: Add a tomato emoji to your Telegram display name to show you're part of the Tomarket community. Reach Bronze Level: Achieve at least Level 4 (Bronze) in the Tomarket game to prove your activity on the platform. Connect a TON Wallet: Link your Tomarket account to a TON wallet to receive the tokens. Join the Telegram Channel: Make sure you’re a member of the Tomarket announcement channel on Telegram to stay updated on all airdrop details. Optional Premium Medal: You can purchase a premium medal for $5, which unlocks additional rewards and gives you access to 100% of your tokens during the Tomarket airdrop. How to Claim Tomarket Airdrop Tokens Once the Tomarket airdrop is live, you’ll be able to claim your Tomarket airdrop tokens directly within the Tomarket app. From there, you can withdraw the tokens to your external wallet for easy access. This streamlined process ensures that getting your rewards is quick and hassle-free. Exclusive Features and the Farming Pool Beyond the Tomarket airdrop, the project is introducing a Farming Pool for TOMA token holders. This feature will allow users to earn more tokens by referring others and participating in various exclusive projects. For players who purchase the premium medal, additional benefits will unlock, enhancing the overall gaming experience. These benefits could include more opportunities to earn tokens, access to special promotions, and other unique features that will be revealed in the future. Explore upcoming crypto airdrops: https://markets.coinpedia.org/airdrops/
×
×
  • Create New...
us