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Commodities: BITCOIN, USD, Bonds, 10Yr, GOLD, SILVER, OIL, GAS, ORE, COPPER URANIUM. Elliott Wave


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Commodities Market Trading Report - Technical Analysis Elliott Wave, Trading Levels and Trading Strategies
Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas.
Commodities Market Update: The commodities market is poised for potential shifts based on the USD DXY performance, as the dollar approaches the concluding phases of an Elliott Wave ABC correction. Specifically, the wave count indicates Wave iv of (v) of c) of 2. Upon the completion of the dollar's rally, a strategic approach involves waiting for the initial impulse wave lower. This serves as confirmation that the dollar is set to decline, opening opportunities for long trades in gold, silver, and various currencies. In the context of Bitcoin, with a downward movement to the next support level at 38,000, alternative wave counts are considered for a comprehensive analysis.

Video Chapters
00:00 Bitcoin (BTC)
11:46 US Dollar Index, DXY 
15:24 TLT Bonds. US Gov Bonds 10 Yr Yields
18:05 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
25:47 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF
30:54 Energy: Crude Oil WTIOIL / Natural Gas NG
37:57 End

Analyst Peter Mathers TradingLounge™ 

 

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