GOLD is trading nearly 2% above its correction low in wave (iv), but its structure only hints at one more leg up. Can the triangle’s wave (D) finally be complete?
OIL, on the other hand, seems to be correcting its ~6% drop from yesterday as prices are up 2.50% already on an intraday basis. Will it be a 1-2 structure or a correction? The irregular wave (B) is completed, in any case.
NATURALGAS’s prices are performing much better, 20% up from February’s low at $3.85. Will it prove to be a reversal to a potentially extended 5th wave or part of a complex correction?
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Daily Elliott Wave Forecast: GOLD, WTI, NATGAS (17.02.22)
GOLD is trading nearly 2% above its correction low in wave (iv), but its structure only hints at one more leg up. Can the triangle’s wave (D) finally be complete?
OIL, on the other hand, seems to be correcting its ~6% drop from yesterday as prices are up 2.50% already on an intraday basis. Will it be a 1-2 structure or a correction? The irregular wave (B) is completed, in any case.
NATURALGAS’s prices are performing much better, 20% up from February’s low at $3.85. Will it prove to be a reversal to a potentially extended 5th wave or part of a complex correction?
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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