Agustino Fontevecchia has written a detailed fundamental case in Forbes as to why the comodity correction will last all summer this year. He quotes Julien Garran, a commodity analyst at UBS, as to how the commodity/dollar trade will evolve in the coming months and weeks. Garranis also calling for another ‘significant leg down’ in commodities and miners.
Readers of Wavetimes know that I have been looking for significant declines in Gold and Oil, and presented technical reasons for the same. The beauty of Elliott Wave analysis is you could anticipate the likely price window from where small and big moves are likely to commence and end, and that is a very powerful incentive to study this technique. Go ahead, and see for yourself what the possibilities are! Good luck.
