Rio Tinto (RIO) and BHP (BHP) share prices have dropped sharply this year and the situation could worsen as iron ore sinks. In Australia, BHP shares have fallen for four consecutive weeks and were trading at A$39.73, down by 20% from the year-to-date high of $50. depositphotosIron ore prices are sinkingRio Tinto, BHP, Vale, and Fortesque Mining are some […]

ZIM Integrated Shipping Services Ltd. (ZIM) has reported a substantial turnaround in its financial performance for the second quarter of 2024. Image courtesy of 123rf.com The company generated revenues of $1.93 billion, marking a 48% increase from the $1.31 billion reported in the same quarter last year. This surge in revenues was primarily driven by an increase in freight […]

As I have been banging on about it, gold finally reached the $2500 mark on Friday after a tight consolidation below it for several weeks. Despite falling a little in early Monday trade, I think gold is likely to climb higher and remain in a dip-buying mode. For one thing, the underlying trend remains bullish, […]

By Chris PowellResponding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?For whatever it’s worth, I don’t […]

ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We see WTC.ASX may be starting to push higher with a ((iii))-navy wave.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis  ASX: WISETECH GLOBAL LIMITED – WTC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Primary degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange of Wave ((3))-navy  Details: Wave ((ii))-navy just ended at the 83.11 low as a Double Zigzag, and wave ((iii))-navy is opening up to push higher, which itself is subdividing into wave (i)-orange, and just as it just finished, wave (ii)-orange looks to be starting its work to push a little lower.  Invalidation point: 83.11ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (ii)-orange of Wave ((iii))-navy  Details: Since the low at 83.11, wave (i)-orange has been unfolding, and it seems to have ended as a Five-wave. Now it is time for wave (ii)-orange to unfold to push lower, targeting around 87.54. Finally, wave (iii)-orange could return afterwards, to continue pushing higher.  Invalidation point: 83.11Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED – WTC aims to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.Technical […]