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Daily Elliott Wave Forecast: EURUSD, WTI, NATGAS (01.02.22)

1 February 2022 Amega

EURO soaring 1.30% against the DOLLAR since the local low of $1.1122 brings several variations on the table, but not so far impacting the main scenario. With overlaps taking center stage though, the pair might surprise.

OIL shows signs of correction if not reversal but seems it can have another go at the high as part of its ending strcucture. It’ll all hang on how dip we correct once this thing turns.

NATURALGAS’ 30% explosion over the past week won’t be an easy one to reverse course. Printing progressive waves so far, it may have entered its fifth wave now, and that, has a lot more room to the upside that it does down.

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