(Please click on the chart to see it better)
Crude Oil:
I have change my count slightly, but overall nothing is changed. I'm still looking for a wave iv correction higher towards 94.22 and likely even slightly higher towards 94.75 before wave v takes over for a decline lower towards 88.54.
Hello EWS, you were asked twice to say something about USD / ZAR. If you responded, I do not find your answer, so I ask you again for an update. That would be very kind of you. Thank you in advance. With best regards.
ReplyDeleteAnd if you have time, a few words about gold, that would be great.
ReplyDeleteHi Paulina,
DeleteI have posted my view on USD/ZAR on the blog.
I will update gold too a Little later.
Kind regards
EWS
Hi EWS:
ReplyDeleteI saw you are looking at commodities last weeks, probably because we must think that the economic cycle is changing. In fact, I think your opinion now is a decline in EUR, JPY and USD in an uptrend, probably commodities like WTI or Gold or Copper will be in an uptrend also...
If I remember, the economic cylcle is USD --> Commodities --> Bonds --> Stocks --> USD
So if the cycle is changing at this time, the next returns will come from the USD and Commodities...
Am I wrong?
Have a great week end...
Hi Manuel,
DeleteI think youare right, but I'm not sure I will say, that WTI, gold or copper will be i a uptrend, but they will likely correct higher over the coming weeks.
A great weekend to you too.
Kind regards
EWS