Category Archives: Commodities

FOMC triggers spurt in Gold price

Yesterday I had posted a short term chart in Forbes suggesting a possible correction to 1625 area. However, from just below 1650 we saw a massive rally spurred by the FOMC statement. Of course, any shorts should have been stopped … Continue reading

Share
Posted in Gold | Tagged , , , | 3 Comments

Trading Gold can be made easy

Hah! So you really think trading gold can be made easy? It certainly does look so with hind sight, as the following charts reveal. But honestly, if you learn some Elliott Wave analysis, you could have captured at least some … Continue reading

Share
Posted in Gold | Tagged , , , | 9 Comments

Elliott Wave update on Crude Oil 12 Dec 2011

Crude Oil charts are showing tentative signs of fatigue after the run up from $74.95 to $103.37, a move of almost 38%. I am anticipating a correction back to around the $91 levels, but we need to be patient as … Continue reading

Share
Posted in Oil | Tagged , , , , | 8 Comments

Elliott Wave Comments on Gold outlook

In my 29 November Elliott Wave commentary on Gold, I suggested that Gold would probably need to come down a bit before rallying. The reason was I was looking for a much sharper recovery than what I was seeing. However, … Continue reading

Share
Posted in Gold | Tagged , , , , | 17 Comments

Elliott Wave Commentary on Gold 29 Nov 2011

A few days ago, in my Elliott Wave commentary on Gold, I wrote that we will get a move down to 1662, but that I would be happy to cover shorts just ahead of that level. The reason was there … Continue reading

Share
Posted in Gold | Tagged , , , | 6 Comments

Elliott Wave update on Gold 21 Nov 2011

Elliott wave analysis of Gold suggests that the recovery from 1534 to 1803 has fulfilled at least one part of the required correction. When we last considered this commodity back in September 2011, we were suggesting that it made sense … Continue reading

Share
Posted in Gold | Tagged , , , , | 10 Comments

Elliott Wave Analysis of Crude Oil – 2 Nov 2011

Elliott Wave Analysis works very nicely in commodities. There is a lot of money to be made if you can apply the techniques you learnt in Five Waves to Financial Freedom. Trouble is, even if you learn the methods, you … Continue reading

Share
Posted in Oil | Tagged , , , , | 15 Comments

Elliott Wave Analysis of Natural Gas Nymex

About ten days ago I posted an hourly chart of NYMEX Natural Gas, and suggested that perhaps we were unfolding in a diagonal triangle. I also went out of the way to suggest that it was unlikely that we were … Continue reading

Share
Posted in Natural Gas | Tagged , , | 6 Comments