Elliott Wave commodity markets: Gold, silver, DXY, iron ore, oil, copper, nickel, uranium [Video]
|Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium and Invesco DB Agriculture Fund EFT (DBA).
Market Summary: Stronger USD is seeing softer commodity prices. Soft commodities corn, wheat, sugar, and soybeans are dragging down the ETF DB Agricultural. Expect a small rally in gold and silver but the main trend is still lower in a larger corrective pattern.
Hard commodities nickel, copper and uranium are under pressure and have further downside. The energy sector crude and natural gas also have further declines to come.
Video chapters
00:00 Dollar Index DXY/ 10 Yr Yields
02:42 US Spot Gold & GDX ETF
04:33 US Spot Silver
05:50 DBA Agriculture Fund ETF
07:30 Crude Oil
12:00 Natural Gas
19:50 Iron Ore
21:00 Copper
23:54 Nickel
25:05 Uranium ETF
27:12 Thanks for watching!
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