Rally from 95.21 – 101.38 was in 5 swings as the chart shows with lack of momentum between the peaks at 100.46 and 101.38.  5 swing rally keeps Oil bullish against 95.21 low for at least 1 more leg to the upside. We are currently in wave B correction which can reach as low as […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B which is taking the form of a 7 swing structure. We are currently trading higher in wave […]

We like the idea of Gold trading higher in a triple three corrective structure.  Short-term expect a test of  1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 […]

Preferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B. So far we have seen 3 swings up from the low so that should have completed wave […]

Preferred view suggests metal has thrust lower from the triangle and wave B appears to have completed with a test of 3.223. Metal is now expected to turn higher. In case of further weakness, 1.236 ext of wave (( a )) at 3.199 could be tested before wave C higher starts. Hourly cycles are positive […]

Preferred view suggests metal has thrusted lower from the triangle and is currently in wave ( b ) of triangle thrust. After wave ( b ) completes, expect more downside toward 3.19 – 3.2228 area  to complete wave B before it turns higher in wave C. The hourly cycles are positive so we don’t like […]