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In-depth commodity market Elliott Wave analysis: Bitcoin, Ethereum, Gold and more [Video]

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

Bitcoin (BTC): Our Elliott Wave analysis indicates that Bitcoin is currently searching for the Wave C of (4) low. This critical phase suggests that BTC is nearing a potential bottom, setting up for a strong bullish wave.

ETH/USD: The Elliott Wave patterns for Ethereum remain closely monitored as it consolidates, awaiting confirmation of its next impulsive move.

TLT Bonds: Bond markets are exhibiting higher trends, aligning with our projections. The TLT Bonds appear to be in a bullish phase, continuing their ascent.

US 10 Yr. Yields: In contrast to the bond market, the 10-year yields are trending lower, consistent with our Elliott Wave forecast.

USD/DXY (US Dollar Index): The outlook for the Dollar remains unclear. Further wave structure analysis is needed to ascertain the next significant move.

Gold (XAU/USD) and Silver (XAG/USD): Both precious metals are maintaining long strategies, suggesting a strong bullish trend. Gold and Silver are holding firm in their Elliott Wave patterns, supporting continued upward momentum.

Copper (HG): The base metal Copper has completed Wave b) of 4, indicating the next phase in its corrective pattern. We expect further consolidation before the next impulsive wave.

Natural Gas (NG): Natural Gas is approaching the low of Wave 4, but this requires further confirmation. The market is in a critical juncture, with potential for significant moves upon validation.

Crude Oil (CL): Crude Oil's Elliott Wave structure is under close scrutiny, as it holds potential for significant trend changes in the upcoming waves.

Uranium (URA): Uranium's wave patterns suggest consolidation, with potential bullish setups forming in the near term.

Stay tuned for more detailed updates and analyses as we continue to monitor these commodities' Elliott Wave patterns. This comprehensive review aims to provide traders and investors with actionable insights into the commodity market trends.

Video chapters

00:00 Bitcoin (BTC)  Ether ETH/USD, Crypto Index.

08:13 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields.

15:01 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG.

21:39 Base Metals: Uranium URA ETF / Copper. 

23:15 Energy: Crude Oil WTI OIL /Natural Gas NG.

27:33 End.

Author

Peter Mathers

Peter Mathers

TradingLounge

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

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