Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium and Invesco DB Agriculture Fund EFT (DBA).
Market Summary: Natural Gas – waiting for next long trade set up. Crude Oil and XME will have a short term top and then correction which will be the buying opportunity, gold and silver are moving down into Wave b) once completed will head higher into Wave c), soft commodities corn and wheat are heading lower with DB Agricultural in Wave 4. Copper is now a long trade and Nickel I have a long trade set up – that said the trends still need confirming, so it’s currently very high risk.
00:00 Dollar Index DXY.
03:33 US Spot Gold & GDX ETF.
05:17 US Spot Silver.
06;02 DBA Agriculture Fund EFT Corn/wheat.
09:28 Iron Ore .
11:35 Crude Oil.
15:19 Natural Gas.
19:29 Copper / ETF.
25:36 Uranium ETF.
29:56 Thanks for watching!
Commodity Futures Overview:
Elliott Wave Counts:
Gold Elliott wave (4) Triangle.
Dollar Index DXY Elliott ABC Wave (4).
Iron Ore Elliott wave waiting to confirm count.
Crude Oil Elliott wave IMpulse wave and trading long.
Copper Elliott wave Impulse wave trading long.
Nickel Elliott Wave Impulse and trading long.
Uranium ETF Elliott wave Impulse wave trading long.
Natural Gas Elliott Wave 5 of (3).