Commodity Markets: Gold, silver, forex, uranium, lithium, crude oil, copper, natural gas Elliott Wave [Video]

Peter Mathers TradingLounge

Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas.

Market Summary:We may see the USD DXY drop from current levels 113 this can support commodities, Indices and currencies etc for a rally.

The Gold and silver markets are in a downtrend, with crude in an up trend pulling back at the moment with an abc correction that is nearly completed. All eye's on the dollar as being central for commodity moves.

Video chapters
00:00 US Gov Bonds 10 Yr Yields.
02:04 US Dollar Index DXY.
04:21 GDX Etf. US Spot Gold.
08:04 US Spot Silver.
09:27 US Copper / Lithium / Uranium / Nickel.
17:02 XLE ETF / Crude Oil.
22:50 Natural Gas.
28:08 Thanks for supporting!

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 looks weak below 1.1800

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GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold trims gains, slips back to around $5,170

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