commodities

The USOIL chart shows the final part of a large bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ④ is still under development at the time of writing. This is the penultimate wave in the cycle impulse c. The correction ④…
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The current structure for gold shows a bearish corrective wave (4), which has been formed for a long time. Most likely, it came to an end, taking the form of a minor triple zigzag. At the time of writing, the initial part of the new…
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USDJPY extends recovery with robust jobs data Sentiment for the dollar remains upbeat as the pair bounces back to its pre-pandemic level from a year ago. The US labor market showed solid growth again in March with 916k jobs added.…
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The XAGUSD hourly timeframe shows the structure of the middle part of the cycle triple zigzag. We see that after the completion of the cycle wave y, the market has formed a primary triple zigzag, which is the intervening wave x. Wave…
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The formation of oil shows a bullish cycle wave c, taking the form of a primary impulse ①-②-③-④-⑤. After the completion of impulse wave ③, prices declined as part of the primary zigzag correction wave ④. Thus, the bullish impulse wave…
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EURUSD consolidates near the support area The US dollar stayed subdued as Treasury yields retreated on Monday, relieving pressure on its European counterpart. The pair has fallen back from the double top at 1.1990 after it went into…
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The current SPX structure shows an ascending impulse wave V of a cycle degree. This contains primary sub-waves ①-②-③-④-⑤. In November 2020, the market completed the development of the primary correction ④, then the price increased in the…
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Oil continues to form a bullish impulse of a cycle degree. Recently, the cycle wave III which consists of primary sub-waves ①-②-③-④-⑤, fully completed. We are now seeing a slight corrective decline in the price in wave IV in the form…
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