• 536 days Will The ECB Continue To Hike Rates?
  • 536 days Forbes: Aramco Remains Largest Company In The Middle East
  • 538 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 938 days Could Crypto Overtake Traditional Investment?
  • 942 days Americans Still Quitting Jobs At Record Pace
  • 944 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 947 days Is The Dollar Too Strong?
  • 948 days Big Tech Disappoints Investors on Earnings Calls
  • 949 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 950 days China Is Quietly Trying To Distance Itself From Russia
  • 951 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 955 days Crypto Investors Won Big In 2021
  • 955 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 956 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 958 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 958 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 962 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 962 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 963 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 965 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave on Crude and the USD

USD and Crude

Short Term Forecast Update

USD

The USD has completed a leading diagonal and is currently in a wave (2) correction. The current wave up is close to completion and we should see one more wave down to complete wave (2) down. Once this wave down completes, we should see a strong rally in wave (3) up.

Crude

Crude is currently in a wave (2) correction in wave [5] up. We should see minor downside to the 130 area before a strong rally in wave (3) up. Once wave [5] up completes we should see a sharp decline in Crude and a strong rally for the USD. We are expecting a big reversal day to signal the top of the rally for Crude in our target area of 150-155.

The metals are also aligning for a sharp decline after the USD completes wave (2) down.

 

USD

Crude

These charts are only a guide so that you can follow the action and watch for the expected action. The action could play out exactly as illustrated or it may need minor adjustments as we follow it through.

If you are interested in viewing these updated charts and other detailed charts with targets on a daily basis, please see the registration details below.

Elliott Wave Chart Site - IntraDay Market Updates on the DOW, Nasdaq, S&P500, Gold, Silver, HUI and the USD.

To learn more on the status of Gold, Silver, HUI and the USD, please visit the link below for registration details.

The commentary and forecasts are updated daily, including intraday commentary and chart updates. Fibonacci pivot dates and cycle analysis are also utilized to forecast reversal dates. The indices covered include the NASDAQ, DOW, S&P 500, SOX, Nikkei, DOW Transports, TSX, BSE, AORD, HSI, DAX and FTSE. Commodity charts include Copper, XOI, Crude Oil, Gold, GLD ETF, Silver, SLV ETF, HUI and/or the XAU (Gold and Silver index). Additional Elliott Wave charts cover the US Dollar (USD), EURO FXE ETF, Canadian Dollar (CAD) FXC ETF, 10 Year Treasury Note Yield (TNX), Bank Index (BKX), Central Fund (CEF), CAD Gold units (XGD.TO), Gold Corp, Pan American Silver, Newmont Mining (NEM), and Agnico Eagle Mines (AEM)

With market timing and Elliott Wave Forecasts, we can be on the right side of the market. Registration Details

Happy Trading!!!

 

Back to homepage

Leave a comment

Leave a comment