Image Source: PexelsTradingLounge’s Commodity Market Report – Technical Analysis Elliott Wave, Trading Levels and Trading Strategies
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: Until the wave count on the USD DXY is confirmed, I cannot confirm the wave count for Gold. Bitcoin wave (b) of iv) towards the 38,000-support level. Uranium and Iron Ore are trending higher and holding stocks like BHP, RIO, and FMG is positive. The Energy sector has Natural gas to move much lower, while crude oil can rally before further downside. Note: FOMC Announcement next session.Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge.comVideo Length: 00:32:42Video Chapters
00:00 Bitcoin (BTC)
04:05 TLT Bonds. US Gov Bonds 10 Yr Yields
06:33 US Dollar Index, DXY
10:45 Precious Metals: Spot Gold / US Spot Silver / XGD and Gold Stocks US / ASX
18:25 Base Metals: XME ETF, Iron Ore, Copper. Uranium URA.
22:54 Energy: XLE ETF / Crude Oil / Natural Gas
32:42 EndMore By This Author:Elliott Wave Technical Analysis: Apple Inc.
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