After a long and steep decline, the 30-minute chart of crude oil suggests it may be time for a larger recovery. It shows a nicely looking 5-3 wave cycle, where the five-wave sequence points to the upside.
According to the Elliott Wave Principle, prices should be expected to start rising again, as long as the invalidation level at $44.75 holds. If this is the correct count, the minimum target for crude oil is above the top of wave 5 at $51.70.
Earlier this month, while the US10Y yield was at 3.9670%, we wrote that it was likely headed towards 5.50% in the months ahead. That...
A year ago, in early-October, 2023, when the 10Y US bond yield was at 4.73%, we wrote that it was likely to peak around...
In early-October, 2023, we wrote that the 10-year US government bond yield was likely to peak around 5%, before heading down to 3%. This...
Earlier this month, while the US10Y yield was at 3.9670%, we wrote that it was likely headed towards 5.50%...
A year ago, in early-October, 2023, when the 10Y US bond yield was at 4.73%, we wrote that it...
In early-October, 2023, we wrote that the 10-year US government bond yield was likely to peak around 5%, before...
The price of a bushel of soybean came close to an all-time high on June 9th, 2022. But instead...
By early-November, 2023, the price of sugar had more than tripled from its pandemic low of $9.18/lbs in April,...
The prices of most food commodities have dropped significantly from the highs seen during the shortages of 2022. Wheat...
The 10-year US government bond yield was hovering around 3.75% when we first wrote about it in mid-February. Elliott...
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