Albemarle (ALB) Forecast: Elliott Wave signals buying opportunity near $100

Elliott Wave Forecast Team ElliottWave-Forecast.com

Albemarle Corporation (ALB) provides energy storage solutions worldwide. It operates through three segments: Energy storage, Specialties & Ketjen. It comes under Basic Materials sector & trades under “ALB” ticker at NYSE.

ALB favors rally against April-2025 low of $49.43 in yearly sequence. Further rally will confirm above November-2022 high of $334.55. Currently, it favors corrective pullback in 3 swings towards $100.2 or lower to correct April-2025 low before turning higher.

ALB: Elliott Wave latest daily view

In yearly, it ended Grand super cycle of ((I)) at $334.55 high (Nov-2022) & proposed ended ((II)) at $49.43 low (April-2025). Within ((I)), it ended (I) at $144.99 high, (II) at $48.89 low, (III) at $291.48 high, (IV) at $169.93 low & (V) at $334.55 high. The ((II)) unfolded in double three correction. It ended (w) of ((II)) at $193.02 low, (x) at $247.44 high & (y) at $49.43 low. The ((II)) correction ended in weekly blue box area between $84.38 – $45.86 & reacted higher. It extends higher in impulse I sequence from April-2025 low & now correcting in zigzag correction.

ALB: Elliott Wave latest weekly view

It expects another push lower between $100.2- $54.34 area, while bounce fail below $174.33 high (6.12.2026). Within I, it ended ((1)) at $87.45 high, ((2)) at $71.25 low, ((3)) at $206 high, ((4)) at $154.69 low & ((5)) at $221 high. Below May-2026 peak, it ended ((A)) of II at $146.76 low, ((B)) at $174.33 high & favors lower in ((C)). It favors downside in (1) of ((C)) & expects bounce soon in (2) before two more swings lower against 6.12.2026 high. Buyers expected to re-enter between $100.2 – $54.34 area for next rally or at least 3 swing bounce.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

AUD/USD climbs toward 0.7000 after strong China data dump

AUD/USD attracts follow-through buyers for the second straight day on Monday, extending last week's recovery toward 0.7000 in Monday's Asian trading. Strong Chniese Q3 GDP and activity data for September strengthen the pair's advance, following RBA Assistant Governor Chris Kent's hawkish remarks.

USD/JPY struggles near 158.00 amid hawkish BoJ, subdued USD

USD/JPY remains defensive near 158.00 in the Asian session on Monday, as the US Dollar remains depressed near a two-week low amid the recent decline in US bond yields. Furthermore, looming intervention risks underpin the Japanese Yen and weigh on the pair amid BoJ Governor Kazuo Ueda's hawkish remarks. However, Fed rate-hike bets and geopolitical uncertainties could limit USD losses and the major.

Gold stalls below $4,200 as Fed rate-hike bets limit upside

Gold (XAU/USD) struggles after opening the week higher. The US Dollar (USD) and US Treasury yields find some footing following last week’s pullback as traders assess the Federal Reserve’s (Fed) interest rate path and geopolitical developments.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Bitcoin edges higher above $82,000, building strong structural support despite roughly $229 million in ETF outflows last week. Ethereum recovers above $2,400 as bulls strive to regain trend control, backed by a subtle recovery in momentum indicators.

Higher than expected inflation shakes markets: What to prepare for?

US CPI report came in stronger than expected, lifting the probability of a December rate hike higher once again. Even though Fed Chair Warsh reinforced expectations of a hold for the October’s meeting, markets now face a two-step event: a likely pause on October 28, followed by an interest rate hike on December 9.

Everyone's dumping Gold after hot US inflation. Here's why $4,100 could be a floor, not a cliff

Gold (XAU/USD) is recovering from a sharp sell-off triggered by hotter-than-expected United States (US) inflation data released on Wednesday. The precious metal briefly plunged toward $4,073 as investors increased their bets on further Federal Reserve (Fed) interest rate hikes before recovering as US Treasury yields and the US Dollar (USD) reversed their initial gains.