Commodity Markets: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil, Gas. Elliott Wave

[tradinglounge]

TradingLounge's Commodity Market Update: Favorable Trading Opportunities in Gold and Silver Persist; We Maintain and Expand Our Positions in These Markets. Uranium Shows Upward Movement in Wave 3, Indicating a Substantial Bullish Trend for Long-Term Investment. Natural Gas Continues Its Downward Trend, While Crude Oil Prices Face Restraints Due to Saudi Arabia's Strategy for Higher Prices. Our Long Trade in Crude Oil is Now in a Promising Position with Reduced Risks. The USD DXY Approaches its 61.8% Retracement Level, Expected to Find Support. Yields Could Have Reached a Peak as TLT Bonds Show an Inverse Low.

Video Chapters
00:00 Bitcoin (BTC) 
08:40 US Dollar Index, DXY
11:15 TLT Bonds. US Gov Bonds 10 Yr Yields
15:50 Precious Metals: Spot Gold  / US Spot Silver / XGD and Gold Stocks US / ASX
25:19 Base Metals: XME ETF, Iron Ore, Copper. Uranium URA.
31:08 Energy: XLE ETF / Crude Oil / Natural Gas 
40:15 End

Analyst Peter Mathers TradingLounge™ 

 

[tentacleskilt]

On 29/11/2023 at 02:28, tradinglounge said:

TradingLounge's Commodity Market Update: Favorable Trading Opportunities in Gold and Silver Persist; We Maintain and Expand Our Positions in These Markets. Uranium Shows Upward Movement in Wave 3, Indicating a Substantial Bullish Trend for Long-Term Investment. Natural Gas Continues Its Downward Trend, While Crude Oil Prices Face Restraints Due to Saudi Arabia's Strategy for Higher Prices. Our Long Trade in Crude Oil is Now in a Promising Position with Reduced Risks. The USD DXY Approaches its 61.8% Retracement Level, Expected to Find Support. Yields Could Have Reached a Peak as TLT Bonds Show an Inverse Low.

Video Chapters
00:00 Bitcoin (BTC) 
08:40 US Dollar Index, DXY
11:15 TLT Bonds. US Gov Bonds 10 Yr Yields
15:50 Precious Essay Metals: Spot Gold  / US Spot Silver / XGD and Gold Stocks US / ASX
25:19 Base Metals: XME ETF, Iron Ore, Copper. Uranium URA.
31:08 Energy: XLE ETF / Crude Oil / Natural Gas 
40:15 End

Analyst Peter Mathers TradingLounge™ 

 

@tradinglounge I noticed you mentioned that uranium is showing upward movement in Wave 3, indicating a substantial bullish trend for long-term investment. Can you please tell me, based on the specific factors contributing to this bullish trend, your assessment of its sustainability? What do you think?

[SusanM10]

The bullish trend in uranium is definitely something to watch for long-term investments. As for natural gas, it's unfortunate to see the downward trend persist. Interesting to note the impact of Saudi Arabia's strategy on crude oil prices, and glad to hear the long trade in crude oil is looking more promising with reduced risks.