Copper Fell As Expected. Now What?

It’s been more than a year. On March 10th, 2014, we published “Copper Measures The Strength of The Economy”. In that forecast we shared our extremely bearish thoughts. While copper was trading at 3.114, the Elliott Wave Principle suggested it might lose another dollar. As the chart below will demonstrate, our price target was near…

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Crude Oil Headed Towards $64?

In our previous post about crude oil we thought the “black gold” is in a post-triangle wave 5. That is why we said it was not a good time to go long on crude oil. Once that fifth wave was over,  there was likely to be a reversal to the downside. The next chart shows how the forecast looked…

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Crude Oil In A Post-Triangle Thrust

The bulls took over the control over crude oil in the middle of last month and led its price above $59 per barrel as of today. Despite this strong performance, it looks like it is time for them to retreat for a while. We think so, because of one Elliott Wave pattern, which is visible on…

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Brent Oil Respects The Fibonacci Ratio

Almost two months ago, on February 21st, we said that brent oil is likely to get more expensive, but needs a downside correction first. We thought so, because there was a nicely-looking five-wave impulse to the upside on the 4-hour chart. The Elliott Wave Principle postulates, that there should be a three-wave retracement after every impulse.…

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Natural Gas Does Not Care About Deals

“Natural gas prices could go down to 3.00 or even lower during the next year or two.” This is the final sentence in “Natural Gas Down Despite Russia-Ukraine. Why?”, which we published almost a year ago, on May 2nd, 2014, when natural gas was trading around 4.70. Ignoring the tension between Russia and Ukraine, we…

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Cheap Oil… At The Price Of What?

What is not to love about cheap oil? Low oil prices reduce our monthly fuel costs, moreover they leave us with more leftover cash to spent in other sectors. Does this mean, that someone else is paying the price of our convenience ? The top three net oil exporters are Saudi Arabia, Russia and Iran.…

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Soybeans Showing Signs of Recovery

Since the last major top at $1536 in May, the price of soybeans has been in a state of free fall, which led to $904 in the end of September. A sell-off of more than 600 figures in four months does not leave a lot of room for optimism. Nevertheless, the following two charts might provide…

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Brent Oil Prices to End the Slump Soon?

Brent Oil has been declining sharply during the last five months, falling down from above $115 per barrel in June to under $77 in November. It may seem the sell-off will last forever, but the Elliott Wave Principle gives us the right to disagree. It states that every price move, regardless of how big, is…

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Crude Oil with an Extremely Rare Pattern

The last time we talked about crude oil was on 12th September in an article, called “A Major Bottom for Crude Oil Prices?”, where we suggested, that “the Black Gold” seems to be forming an ending diagonal in the position of wave (5) of C to the downside. Almost a month later, we still think…

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A Major Bottom for Crude Oil Prices?

Crude oil is trading more than $20 below the 2013 highs. Should we expect more weakness? Traders and investors may be willing to find the answer to this question. A year ago crude oil hit $112 per barrel. Yesterday it was trading below $91. However, after reaching 90.40, crude oil prices bounced up sharply to…

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Natural Gas prices broke trendline

Natural gas prices have been declining steadily, despite all the tension between Russia and Ukraine. For many fundamental analysts this might have come as a surprise, but not for you, if you have read “Natural Gas down despite Russia-Ukraine. Why?”, which we published on May 2nd 2014. The chart below is taken from the above-mentioned…

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Sugar to head towards 20 soon

Sugar has been declining for quite some time now, falling down from 18.80 to 16.86. If we take a look at this sell-off, we will see that it has an almost finished impulsive wave structure. Almost, because there is a wave (5) still missing. However, wave (4) seems to be taking the shape of a…

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Crude oil, the long-term view

Crude oil is probably the raw material, the world economy depends the most on. That is why we think its price trends deserve to be closely observed and, if possible, predicted. On the next chart you will see the whole price action of crude oil for the last 7 years. The 2008-2009 crash should be counted…

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Sugar with some interesting opportunities

It was April 23rd, when we showed you the following chart, stating that sugar has already drawn a perfect 5-3 Elliott Wave cycle and it was time for another rally. Recommended reading: Sugar, so far so good The next chart will show you how the situation has been developing ever since. As visible, sugar began rallying…

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Coffee with the perfect development

On the 1st of May we showed a forecast of coffee, suggesting that its price could go down significantly: “we should expect a three-wave decline, which could lead prices back to the 160 area or even lower.” This statement was made when coffee was trading above 200. The chart below will show you how the…

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