Metals & Energy – February Patterns & Wave Counts
Metals & Energy – February Patterns & Wave Counts
Markets: Precious Metals & Energy (Gold, Silver, Crude Oil).Precious metals rallied back in late December 2018, while Crude Oil was finalizing the crash and then preparing a recovery.
These swings were successfully tracked with the following articles:
- “Volatility in 2018-2019 & The Financial Earthquake”.
- “Bearish Santa & December’s Trends – Christmas Gifts”
The most recent “Crash Sequence & Brexit Volatility vs Wave Patterns” report is displaying the bigger picture.
The short-term outlook for Gold & Silver could present another bullish swing, while Crude Oil would finalize its retracement sequence.
Precious Metals – February Patterns
XAUUSD – 2H Chart (picture)
GOLD ( XAUUSD ) labeled in a bullish impulse, at the end of Minute IV (green), and about to start bullish Minute V (green) so it can complete a larger degree sequence.
XAUUSD – 2H Interactive Chart
XAGUSD – 2H Chart (picture)
SILVER ( XAGUSD ) labeled in a bullish impulsive sequence in the last 5th Minor (green) wave of Intermediate (C) (blue), with Minute I and II (green) complete. Bullish Minute III (green) should now commence and should be powerful.
XAGUSD – 2H Interactive Chart
Crude Oil – February Patterns
WTI (USOil) – 4H Chart (picture)
USOIL (WTI) labeled in a corrective sequence in Minor 2 (green), which appears to unfold as a sharp correction. A bearish impulse would be expected before WTI could bounce back.
WTI (USOIL) – 4H Interactive Chart
