Commodity market Elliott Wave update
Bitcoin and Ether are trending higher into Wave (iii) of v) of 1 of (5) of 3) of I. We plan to trade long in the Wave 2 retracement.
The US Dollar, Bonds and Yields have clearly made a break into trends, that is the DXY USD will trend lower in line with the 10 yr. yields while the TLT bonds move higher.
Gold, GDX and silver are in wave 4 and in their final stages, we will start to work out long trade set ups.
Base metals, China SSE positive with URA and Copper in wave fours.
Crude Oil should follow the USD lower, while Natural Gas is in a wave 4
Video chapters:
00:00 Bitcoin (BTC), Ether ETH/USD.
09:55 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields.
14:40 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG.
23:55 Base Metals:China Index Uranium URA ETF / Copper.
28:07 Energy:Crude Oil WTI OIL / Natural Gas NG.
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