Elliott Wave Analysis: Commodity Markets – Wednesday, Nov. 15


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 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 Summary: Big moves across the board on Inflation data., that said, Gold could be the one that has the next long trade setup – however to call it, I would need a clear impulse wave to the upside that can be completed in the next trading session, then, of course, we must wait for the abc retracement for the actual trade set up.The move down in the USD DXY can be Wave B, if this is the case then the 10 Yr. treasuries can be a Wave 4 down and Wave 4 up in the TLT Bonds, so don’t jump to any conclusions just yet.Base Metals: Uranium and Iron Ore are the winners, and the trend higher will continue and are preferred long trades. Bitcoin and Ether are retracting but are still part of a longer-term trend higher… Video Length: 00:33:06More By This Author:4 Hour Chart Elliott Wave Technical Analysis: AUDJPY – Tuesday, November 14
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