Analysis Technical analysis

Daily Elliott Wave Forecast: USOIL, USDJPY & SILVER (07.01.22)

Oil prices keep rising as the simple zigzag identified sessions ago seems to be playing out. Soon, we will know if this is a triangle.

Meanwhile, the yen continues to weaken against the #greenback as the structure remains impulsive to the upside. However, we are likely to see a terminal wave in the short term.

The prices of silver remain under pressure as the last 5-wave motive move of the regular flat is not looking complete just yet. Will it turn into an open diagonal, though?

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