Elliott Wave commodity futures: DXY, Iron Ore, gold, silver, oil, copper, nickel, uranium, gas, DBA [Video]

Peter Mathers TradingLounge

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: Natural Gas - waiting for next long trade set up. Crude Oil and XME will have a short term top and then correction which will be the buying opportunity, gold and silver are moving down into Wave b) once completed will head higher into Wave c), soft commodities corn and wheat are heading lower with DB Agricultural in Wave 4. Copper is now a long trade and Nickel I have a long trade set up - that said the trends still need confirming, so it's currently very high risk.

Video Chapters
00:00 Dollar Index DXY.
03:33 US Spot Gold & GDX ETF.
05:17 US Spot Silver.
06;02 DBA Agriculture Fund EFT Corn/wheat.
09:28 Iron Ore .
11:35 Crude Oil.
15:19 Natural Gas.
19:29 Copper / ETF.
23:05 Nickel.
25:36 Uranium ETF.
29:56 Thanks for watching!

Commodity Futures Overview:
Elliott Wave Counts:
Gold Elliott wave (4) Triangle.
Dollar Index DXY Elliott ABC Wave (4).
Iron Ore Elliott wave waiting to confirm count.
Crude Oil Elliott wave IMpulse wave and trading long.
Copper Elliott wave Impulse wave trading long.
Nickel Elliott Wave Impulse and trading long.
Uranium ETF Elliott wave Impulse wave trading long.
Natural Gas Elliott Wave 5 of (3).

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.