Great timing for the silver and gold calls! I was waiting for the pull back and go short, but too bad they kept falling like a rock and went straight down!
Crude Oil chart can be counted as 1]-2]-3] or a]-b]-c] . 1]-2]-3] calls for a 5] at $145 which is unendurable in the near future :eek: . a]-b]-c] calls for a C at $65 which is accomodating for world economy . Supports levels may be $95 or $87 .
Gold recent drops equal Wave III5]2), Wave III5]4) and Wave III4] . It is certainly possible, albeit unlikely, that there are some more extensions . If Gold falls further we can count it as Wave IV , a Cycle degree correction , which can drop as much as 40% :eek: .
US Dollar makes a come back . Is this for real, or just another Bull Trap . Note: USD rebounds from 3-years Double Bottom . The UP move looks impulsive . RSI and MACD give BUY signals .
Today Crude Oil falls another 5% in 5-waves pattern as parabolic curve to $95.25 and rebounds from support .
Crude Oil falls 20% in classic 5-waves pattern . There may be a rebound to consolidate at the end of wave four near $100 .
US Dollar Index moves UP in clear 5-waves pattern . There may be some resistance near 74.40 :eek: , where wave one may end and wave two may go DOWN to end of Wave four near 73.96 .