Elliott Wave Analysis of ZSL UltraShort Silver

First question. What on earth is this instrument? The ZSL Ultra Short Silver is an ETF described by Reuters as…”The Fund seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily...

Crude Oil Outlook

I would like to share with you some charts that demonstrate how to use Elliott Wave Analysis in the real world. The first chart, dated June 9, (when Crude oil was at 101.18) shows a large triangle. As you know, I have remained faithful to the bearish outlook...

Elliott Wave Analysis of Gasoline

Most traders in the commodity and energy markets watch technical levels very closely. Some say that prices follow technicals because traders watch the technical levels. Others (especially those who practice Elliott Wave Analysis) would say that when the herd mentality...

Elliott Wave Analysis of Natural Gas (MCX) India

Elliott Wave Analysis of Natural Gas Futures traded on MCX India. To be honest, this is the first time I am looking at this contract, and what I see is fascinating. There were so many easy opportunities to trade the Natural Gas Futures profitably on the MCX in India!...

Crude Oil Outlook

On 15th May, I prepared the first chart for a friend of mine in the Far East. The important point to note is this was done before Goldman Sachs came out with a bullish call on Oil. The set-up was right, and the moment that news hit the market, prices started going up....

Commodities call

You have all heard the news. Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials….When Goldman Sachs analysts made their call yesterday, many commodities traders must have felt...