Commodity Market Elliott Wave Analysis for Bitcoin, ETH/USD, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas.

Commodity market Elliott Wave analysis update

Bitcoin is in the final stages of its bullish corrective pattern and will likely push higher in line the 2014 bitcoin halving. Precious metals gold and silver and GDX are in a wave four once completed expect another trend higher. Copper and Uranium are also in wave fours. The USD DXY and the 10 Yr. yields will continue to trend higher, that can take Crude oil higher also.

Video chapters

00:00 Bitcoin (BTC) ETHUSD GBTC.
07:39 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields.
13:49 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG. 
17:20 Base Metals:Nickel, Uranium URA ETF / Copper.
24:44 Energy: Crude Oil WTI OIL / Natural Gas NG.

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD drops toward 0.6500 after dismal Aussie Retail Sales, mixed China's PMIs

AUD/USD drops toward 0.6500 after dismal Aussie Retail Sales, mixed China's PMIs

AUD/USD is extending losses toward 0.6500, hit by an unexpected drop in the Australian Retail Sales for March while China's NBS April PMI data came in mixed. Upbeat China's Caixin Manufacturing PMI data failed to lift the Aussie Dollar amid a softer risk tone and the US Dollar rebound. 

AUD/USD News

USD/JPY holds rebound to 157.00 after Monday's suspected intervention-led crash

USD/JPY holds rebound to 157.00 after Monday's suspected intervention-led crash

USD/JPY is trading close to 157.00, staging a solid rebound in the Asian session on Tuesday. The pair reverses a part of heavy losses incurred on Monday after the Japanese Yen rallied hard on probable FX market intervention by Japan's authorities. Poor Japan's jobs and Retail Sales data weigh on the Yen.

USD/JPY News

Gold price traders remain on the sidelines ahead of FOMC decision on Wednesday

Gold price traders remain on the sidelines ahead of FOMC decision on Wednesday

Gold price remains confined in a narrow range as traders prefer to wait on the sidelines. Reduced Fed rate cut bets revive the USD demand and act as a headwind for the metal. Investors now await the FOMC decision and US macro data before placing directional bets.

Gold News

BNB price risks a 10% drop as Binance founder and ex-CEO Changpeng Zhao eyes Tuesday sentencing

BNB price risks a 10% drop as Binance founder and ex-CEO Changpeng Zhao eyes Tuesday sentencing

Binance Coin price is dumping, with the one-day chart showing a defined downtrend. While the broader market continues to bleed, things could get worse for BNB price ahead of Binance executive Changpeng Zhao sentencing on Tuesday, April 30.

Read more

FX market still on intervention watch

FX market still on intervention watch

Asian foreign exchange traders will be particularly attentive to any signs of Japanese intervention on Tuesday, following reports of Tokyo's involvement in the market on Monday. This intervention action propelled the yen upward from its 34-year low of 160 per dollar, setting off shockwaves of volatility.

Read more

Majors

Cryptocurrencies

Signatures