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US Sugar futures (SB1! SB_F)
US Wheat futures (ZW1!) -
Gold futures (GC_F)
Nickel futures (Nickel_F)
Silver futures (SI_F)
Zinc futures(Zinc_F)
Silver futures (SI_F) - Choppy complex correction ahead
Platinum futures (PL_F) - Bearish price action ahead
7/31/2020
US Cocoa futures (CC1!) -
US Sugar futures (SB1! SB_F)
US Wheat futures (ZW1!) -
Aluminum futures (ALI_F)
Gold futures (GC_F)
Nickel futures (Nickel_F)
Platinum futures (PL_F)
Silver futures (SI_F)
Zinc futures(Zinc_F)
7/29/2020
US Wheat futures (ZW1!)
US Cocoa futures (CC1!)
US Sugar futures (SB1! SB_F)
7/24/2020
US Cotton futures (CT1! CT_F) - Bearish for 5th wave down but need to hold the invalidation level
US Sugar futures (SB1! SB_F) - stay long in pull back for C wave up
Gold futures (GC_F) - Choppy complex correction ahead
Silver futures (SI_F) - Choppy complex correction ahead
Platinum futures (PL_F) - Bearish price action ahead
7/24/2020
US Wheat futures (ZW1!) - Choppy price action
US Wheat futures (ZW1!) is in C wave up of ABC zigzag as the part of X wave in WXY complex correction as mentioned in previous updates. Stay long until C finishes and thereafter Y will again go down so stay short. Very easy trade set up
US Cocoa futures (CC1!) - Will bears take control ?
US Cocoa futures (CC1!) is in 5th wave of ending diagonal structure downside in ABC correction. Stay bearish with stops above 2255 for target below 2050 or lower as price seems in B wave which might end soon.
US Cotton futures (CT1!) - Choppy bearish price action
US Cotton futures (CT1! CT_F) is in 3rd of C wave down in ABC zigzag cycle. Stay bearish for the target zone of around 60.30 or lower.
US Sugar futures (SB1!) - Choppy to bullish price action
US Sugar futures (SB1!) is in ABC cycle of Y wave up within WXY double zigzag cycle. Stay bullish above with stops below 11.27 for target of above 12.60 or higher. It is in 2nd subwave of C and must stay above 11.54 to retain the count valid. But in alternate case it can be B wave, so in that case it must stay above 11.27.
Aluminum futures (ALI1!) - Bulls about to lose grip
Aluminum futures (ALI1!) has completed impulse cycle up in 4 hr time frame, where 5th of 5th ended in ending diagonal structure. So stay bearish in pull back of B (or 2nd wave) now with stops above 1708.60. Once price broke the 1674, then bearishness confirms. It should ideally go down below 1600 level. So let’s see how chart unfolds.
7/22/2020
Aluminum futures (ALI1! ALI_F) - Bulls about to lose grip
Aluminum futures (ALI1!) is in impulse cycle from major bottom made in April in 4 hr time frame. It is in 5th of 5th wave, which will end soon at new high around 1705 - 1717 level. Thereafter it will go down or remains choppy. The indicator divergence adds sign in the thesis. So stay bearish from that level.
Gold futures (GC_F) - Bulls driving it
Gold futures (GC_F) is in 5th of 3rd wave up in 2 hr time frame, so stay long for target of 1875-85. Thereafter 4th wave will start, which again retraces up to 1850-35 level. Then price again resume up trend and go above 1900 price.
Sugar futures (SB1! SB_F) - Choppy to bullish price action
Sugar futures (SB1!) is in ABC cycle of Y wave up within WXY double zigzag cycle. Stay bullish above with stops below 11.27 for target of above 12.60 or higher. It is in 2nd subwave of C and must stay above 11.54. But in alternate case it can be B wave, so in that case it must stay above 11.27.
US Cotton futures (CT1!) - Choppy bearish price action
US Cotton futures (CT1!) is in ABC zigzag down cycle, where A and B were finished. Sell in pull back with stops above 63.48 for target of around 60.30 or lower.
US Wheat futures (ZW1!) - Choppy price action
US Wheat futures (ZW1!) is in WXY complex correction as the part of B wave in ABC zigzag cycle up. Stay long when B finishes. The internal waves in WXY correction also traded with ease.
US Cocoa futures (CC1!) - Bears in control
US Cocoa futures (CC1!) is in 5th wave of ending diagonal structure downside in ABC correction. Stay bearish with stops above 2255 for target below 2050 or lower.
7/8/2020
Sugar futures (SB1!) - Impulse wave pattern
Sugar futures (SB1!) is moving up in 3rd subwave of 5th wave up in impulse cycle as mentioned previously. Stay in trade from buy side for the target of 12.90-13.20 zone for 5th wave. Thereafter bearish corrective cycle will start.
7/1/2020
Sugar futures (SB1!) - Impulse wave pattern
Sugar futures (SB1!) is within 5th wave of impulse pattern up in 1 hr time frame from the last bottom. The 5th wave is subdividing in 15 min time frame, which is going to achieve the targeted to price zone 12.86-13.22 as 5th wave. The level of 11.79 must hold to retain in impulse wave. If it broken down, then the 5th wave will considered as over.
6/29/2020
Gold futures (GC_F) - Updated Elliott wave count
Gold futures (GC_F) bulls are in control within 5th subwave of 3rd wave up of impulse (or 5th wave of C wave). In any case it has to complete the impulse up where it is in 3rd internal of 5th subwave, which followed by flat 2nd wave correction. Stay bullish with invalidation level below 1779 level of 2nd wave low.
Cotton futures (CT1!) - WXY wave pattern
Cotton futures (CT1!) is within WXY corrective pattern, where Y wave is under progress as ABC correction down. B wave is under progress and about to end with E wave completion, but wait for clear break down to confirm the pattern. It may extend B wave in complex correction too. Let’s see how chart unfolds.
Cocoa futures (CC_F CC1!) - Impulse wave pattern
Cocoa futures (CC_F) is in ABC zigzag wave pattern in 4 hr time frame. C wave down is in progress and 3rd subwave of C is moving down. Watch closely in 15 min time frame for pull back to get in to it. Invalidation level of 2397 must remain untouched to stay count alive with target zone of 1920 to 1760.
6/26/2020
WTI Crude Oil futures (CL1!) - Updated Elliott wave count
WTI Crude Oil futures (CL1!) has completed impulse wave pattern started from major bottom on 4 hr time frame. The 3rd wave was extended and about 3 times in size with 1st wave, while 5th wave was 0.618 times of wave 1. Now it started moving down to correct the impulse wave up. The drop was A wave as impulse down and correcting it up in B wave as abc zigzag move, where b is under progress. Thereafter c of B wave up will start. The ABC zigzag cycle may complete W wave. The WXY will probably the correction pattern to correct the whole up move within crude oil. Generally it expected to be very dip down. It matches with the down cycle of US market too.
Heating Oil futures (HO1!) - Updated Elliott wave count
Heating Oil futures (HO1! ) has completed impulse wave pattern started from major bottom on 4 hr time frame. The 1st wave was extended, which equals 1.618 times of in size with combined wave 3 + 5 wave size. Now it started moving down to correct the impulse wave cycle. The drop was A wave as impulse down and correcting it up in B wave as abc zigzag move, where b is under progress. Thereafter c of B wave up will start. The ABC zigzag cycle may complete W wave. The WXY will probably the correction pattern to correct the whole up move within crude oil. Generally it expected to be very dip down. It matches with the down cycle of US market too.
Gold futures (GC_F) - Impulse wave pattern
Gold futures (GC_F) is in 3rd or C wave up move. It has completed 4th subwave of 3rd wave within triangle and now moving up within 5th subwave up, which should be faster as a result of triangle. The invalidation level must retain to validate the count.
6/18/2020
WTI Crude Oil futures (CL1!) - Impulse wave pattern
WTI Crude Oil futures (CL1!) is Impulse wave from major bottom made in 2 hr time frame. It starts continue 5th final wave up of impulse sequence, which started from straight of bottom, which progresses perfectly channel as textbook example of impulse wave. It completed 1st subwave of 5th wave and now 2nd subwave is on progress and end soon, thereafter wave 3rd subwave will start moving up to continue bull cycle.
6/9/2020
Gold futures (GC_F) - Impulse wave pattern
Gold futures (GC_F) is in 3rd subwave of 3rd wave up in 30 min time frame. It is in internal 3rd of 3rd subwave. In daily time frame it is in 5th wave up after flat abc correction. It is going to make new high above 1790. Wait for good entry in small correction.
6/4/2020
Gasoline futures (RB1!) - ABC zigzag wave pattern - 07:23 (UCT timing)
Gasoline futures (RB1! RB_F) has completed impulse sequence in 2 hr time frame from bottom shown in chart. Now It is correcting down in ABC zigzag which is the part of major correction. It in 3rd internal of 3rd wave down of C wave in 1 min time frame, where invalidation level must hold to retain the count.
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