Jump to content

Market Trends and Predictions: Elliott Wave Analysis of Key Commodities


Recommended Posts

Commodity Market Elliott Wave Analysis for Bitcoin, Ethereum, Crypto Index, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas, XLE ETF, XME ETF.

Elliott Wave Analysis Update for Commodity Markets: Current Analysis Remains Unchanged

In the latest Elliott Wave analysis of the commodity markets, there is no alteration in the wave counts. Bitcoin is reinforcing its position with Wave (4) appearing to be established, contrasting with Ethereum which shows less clarity. The U.S. Dollar and 10-year yields are expected to continue their upward trajectory. 

Gold, silver, and uranium are nearing the completion of their Wave 4, suggesting that opportunities for long trades may arise soon. Natural gas is currently in the e) wave of a Wave 4 triangle formation. Crude oil, maintaining a price above $80.00, remains in a bullish stance, as do ExxonMobil (XOM), alongside sector indices XLE (energy) and XME (metals and mining).

Video Chapters
00:00 Bitcoin (BTC) ETH/USD / Crypto Index
09:49 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields
17:48 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
28:49 Base Metals:Lithium, Uranium URA ETF / Copper / ETF XME
35:36 Energy: Crude Oil WTI OIL / Natural Gas NG / ETF XLE
41:08 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge.com 6 Analysts covering 150+ markets

 

Link to comment

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

    • I agree this is the perfect time to dca on many token. I see $Floki as the next top meme considering the armies behind it. Also $BGB, $ORDI, $Doge, $Shib, and ADA are among my top watchlist 
    • That's our hopes & I believe WAGMI cos I did also participate in the pre-trade at Bitget. Just get your Exchange's HMSTR address on your app with the memo then input for on-chain withdrawal.
    • The crypto market is buzzing with activity, and both Bitcoin (BTC) and Ethereum (ETH) are making waves. Let’s break down the latest movements in their prices and what’s driving these changes. Bitcoin Price Update Bitcoin's price surge: BTC is now trading at $60,172, marking a 4.21% jump over the past 24 hours. Intraday performance: Bitcoin hit a low of $57,650.11 and a high of $60,656.72 today. ETF inflows: Bitcoin ETF inflows have risen to $263.07 million as of September 14. This influx of capital seems to be supporting BTC’s price surge. Market dominance: Bitcoin’s dominance increased by 0.37%, now standing at 56.56%. Market cap: Bitcoin's overall market capitalization has hit $1.19 trillion, reinforcing its leading position in the crypto world. Ethereum Price Update Ethereum’s rise: ETH price has climbed nearly 3% in the past 24 hours and is currently priced at $2,422, as per Coinpedia markets Intraday range: The second-largest cryptocurrency saw a low of $2,338.14 and a high of $2,462.80. ETF inflows: Ethereum ETFs have also seen positive inflows, with $1.52 million added as of September 14. Market cap: Ethereum’s total market cap now stands at $292.89 billion. Expert Insights: A Shift in Market Behavior? Crypto analyst ALI has shared some interesting data about the market activity of Bitcoin and Ethereum. According to ALI: Capital exiting BTC and ETH: Around $2.6 billion worth of Bitcoin and Ethereum has exited the market in the past week. This may be due to sluggish price action, suggesting that some investors are shifting to other altcoins. A possible altcoin pump: Despite the recent outflows, the total market cap has rebounded to $2 trillion, leading many to believe that a major pump may be on the horizon—not just for Bitcoin, but for altcoins as well. What’s Next for the Crypto Market? It looks like the crypto market could be gearing up for a strong rally. Both Bitcoin and Ethereum are seeing solid price movements, and with ETF inflows rising, investor confidence appears to be high. If the market continues to stabilize above the $2 trillion mark, we could see even more bullish activity in the coming days.  
×
×
  • Create New...
us