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Analysis Technical analysis

Daily Elliott Wave Forecast: SPX500, WTI, SILVER

The SPX has found support at the base channel near 4450 as part of wave 3 of an expanding wave flat C after falling c. 3.5% from its high yesterday. Wave 5 seems incomplete. The prices of OIL have lost some 5% as well since Thursday’s high at $87.70, however, the downside move looks corrective […]

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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. […]

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Analysis Technical analysis

The Daily Market Watch: EURUSD, USDJPY, SILVER (27.12.21)

Euro closed the week positive but remained in a converging consolidation. Trading only 0.06 percent higher intraday, a breakout might be imminent. Will it be up or down? As yen weakness prevails the greenback eyes the 115 next but it’ll have to break past the 79 percent Fibonacci at 114.88 first. 0.21 percent higher on […]

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Analysis Technical analysis

Elliott Waves Forecast: US OIL, SPx500 & SILVER (08.12.21)

The structure of WTI suggests a period of triangular consolidation between ~$63 and ~$82. In the short term, the implications are more bullish than they are bearish as an ABC correction can be expected. A move beyond the all-time high will likely reveal whether a big crash is coming or not as the 5-wave structure […]

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