Commodity markets: Gold, Silver, forex, Uranium, Lithium, Nickel, Crude Oil, Copper, Natural Gas [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, Silver, Copper, Lithium, Uranium, Nickel, Crude Oil and Natural Gas.

Commodities Market Summary: Bond yields are moving into Wave (4) and will continue to do so, withthe USD DXY in a corrective rally off the 105, this rally has pushed indices and commodities lower.

Elliott Wave Trading Strategies: Short term trading opportunities are long Gold and Silver.

Video chapters
00:00 US Gov Bonds 10 Yr Yields.
04:46 US Dollar Index DXY .
12:07 US Spot Gold.
19:26 US Spot Silver.
21:25 US Copper / Lithium / Uranium / Nickel.
41:49 Crude Oil.
43:50 Natural Gas.
48:09 TRIAL Buy 1 Month Get 3 Months.

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 revisits 1.1780, or daily lows

EUR/USD now comes under further selling pressure, breaking below the 1.1800 support to reach daily troughs on Thursday. The pair’s decline comes in response to a sudden bout of USD strength amid steady geopolitical tensions. Ealier in the day, the ECB’s Lagarde delivered cautious remarks, although the currency remained apathetic.

GBP/USD makes a U-turn, challenges 1.3500

GBP/USD rapidly leaves behind Wednesday’s strong advance, putting the 1.3500 support to the test on Thursday. 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 sticks to the bid bias, flirts with $5,200

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The precious metal adds to Wednesday’s optimism despite the Greenback trades in a firm fashion, although geopolitical tensions in the Middle East keep the yellow metal bid for now.