Crude Oil forecast as of 01/27/2009

QMF9 – Elliott shows currently only the bearish scenario but it is still equally likely that the market is in consolidation and last week’s option B is in the process:

Market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 18.39 – 19.02 between March 17th and May 25th .
Market move above 50.00 makes last week’s scenario B more likely.

qmcontinues-090127_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 01/27/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 3rd wave in the range of 986.37 – 1094.39 between February 6th and March 13th.
Market move below 800 might signal that up move is done.

gold5-090127_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 01/27/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3rd wave in the range of 1.1376 – 1.4019 between January 20th and April 9th .
Market is in the likely price and time area, hence this move might be over any time. Market move above 1.5000 makes it more likely that ZZ is done.

gbpusd5-090127_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 01/27/2009

EURUSD –Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 0.9766 – 1.2458 between January 29th and April 22 nd. Market move above 1.40 makes it less likely.

eurusd5-090127_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 01/20/2009

QMF9 – Elliott shows two likely scenarios:

A: that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 13.09 – 19.43 between February 16th and May 4th .

qmcontinues-090120_a_blog

Market move above 50.00 makes scenario B more likely.

B: that market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 56.47 – 91.70 between January 6th and April 8th .

qmcontinues-090130_b_blog

Market move below 30.00 makes scenario A more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 01/20/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 3rd wave in the range of 873.16 – 988.96 between December 16th and February 2nd .

Market has been in a range for more than a month and that seems to cause the flip-flopping and Elliot confusion, whether DZ is in 2nd or 3rd wave.

gold5-090120_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 01/20/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3rd wave in the range of 1.1376 – 1.4019 between January 20th and April 9th .

Market move above 1.5000 makes it more likely that ZZ 2nd wave is not finished.

gbpusd5-090120_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 01/20/2009

EURUSD – Last weeks pattern is still valid, but with recent rapid down move and in light of European economy, another possibility has immerged as well.

It is possible that the correction is over and market is in new waved down. Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 0.9766 – 1.2458 between January 29th and April 22 nd.

eurusd5-090120_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 01/13/2009

QMF9 – Elliott shows two likely scenarios:

A: that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 13.09 – 19.43 between February 16th and May 4th .

qmcontinues-090113_a_blog

Market move above 50.00 makes scenario B more likely.

B: that market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 56.47 – 91.70 between January 6th and April 8th .

qmcontinues-090113_b_blog

Market move below 35.00 makes scenario A more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 01/13/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 2nd wave in the range of 752.22 – 835.78 between January 19th and March 5th.

gold5-090113_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

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