Crude oil has fallen below the $100 barrier again, however, it could be short-lived. If the running flat expectation in minor wave 2 plays out, new highs could be seen in WTI if we pursue some simple guidelines.
Silver continued to slide too, currently trading near $20/oz but it is expected to bounce. In this case, however, potential support is projected to rise momentarily for relief, before completing the regular flat.
Kiwi seems to have been on a freefall since 70c but the trend is weakening. As part of a double zigzag, the end of wave C is expected to send the pair soaring. Will we see a reversal, though, or invalidation?
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Daily Elliott Waves Forecast: WTI, SILVER, NZDUSD (11.05.22)
Crude oil has fallen below the $100 barrier again, however, it could be short-lived. If the running flat expectation in minor wave 2 plays out, new highs could be seen in WTI if we pursue some simple guidelines.
Silver continued to slide too, currently trading near $20/oz but it is expected to bounce. In this case, however, potential support is projected to rise momentarily for relief, before completing the regular flat.
Kiwi seems to have been on a freefall since 70c but the trend is weakening. As part of a double zigzag, the end of wave C is expected to send the pair soaring. Will we see a reversal, though, or invalidation?
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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