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) 3^rd wave in the range of 13.09 – 19.43 between February 16^th and May 4^th .

Market move above 50.00 makes scenario B more likely.

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

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 19^th and March 5^th.

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 01/13/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3^rd wave in the range of 1.2300 – 1.3750 between February 17^th and May 18^th.

Market move above 1.5500 makes it more likely that ZZ 2^nd wave is not finished.

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 01/13/2009

EURUSD – Elliott shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 1.1570 – 1.3085 between January 15^th and March 9^th.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.