Crude Oil forecast as of 07/28/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2nd wave in the range of 25.93 – 45.19 between September 11th and January 5th

Correction to this down wave is price wise in the range but time wise has room to go, meaning the market does not need to start dropping immediately to validate our forecast.

QMContinues_090728_Blog

* Click on chart to view larger image and print.

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

Gold forecast as of 07/28/2009

Gold – With the last couple of week’s move, Elliott shows that market might be  done with last week’s “Flat” (FL) and new wave up has started. It is too early to tell where this move might take the market.

At the same time it is also still possible that the Flat is not done, as it did not reach the likely price and time area. If this scenario is to work out, then the market will continue today’s deep drop and last week’s forecast is the valid one.

GOLD5_090728_Blog

* Click on chart to view larger image and print.

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

British Pound forecast as of 07/28/2009

GBPUSD – With the last couple of week’s move, Elliott shows that market might be in the process of “Double Zig-Zag” (DZ) 3rd wave in the range of 1.8779 – 1.9051 between September 18th and November 9th.

It is more likely though, that market is still in the process of  DZ 2nd wave, like shown in last week’s forecast.

GBPUSD5_090728_Blog

* Click on chart to view larger image and print.

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

Euro forecast as of 07/28/2009

EURUSD – With the last couple of week’s up move, Elliott shows that market might be  in the process of  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

It is still possible that DZ 2nd wave is not done, as the market only touched the likely time and price area.

EURUSD5_090728_Blog

* Click on chart to view larger image and print.

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

Crude Oil forecast as of 07/21/2009

QMQ9 –Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 25.93 – 45.44 between August 26th and November 30th.

Market move above 70.00 will not make this combination invalid.

QMContinues_090721_Blog

* Click on chart to view larger image and print.

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

Gold forecast as of 07/21/2009

Gold – No change,  Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 759.94 – 880.43 between June 30th and August 13th .

Market move above 1000 will most likely change the picture.

GOLD5_090721_Blog

* Click on chart to view larger image and print.

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

British Pound forecast as of 07/21/2009

GBPUSD –Elliott shows that market is in the process of “Double Zig-Zag” (DZ) 2nd wave in the range of 1.4576 – 1.5840 between July 14th and October 23rd.

Market move above 1.7000 makes this less likely.

GBPUSD5_090721_Blog* Click on chart to view larger image and print.

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

Euro forecast as of 07/21/2009

EURUSD – Elliott continues to show that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.3093 – 1.3846 between July 1st and September 11th .

It is possible that DZ 2nd wave is done, as it touched briefly the likely box, but there is still lot of time and room for the wave to continue.

EURUSD5_090721_Blog

* Click on chart to view larger image and print.

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

Crude Oil forecast as of 07/14/2009

QMQ9 –Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 25.93 – 45.44 between August 26th and November 30th.

Market move above 70.00 will not make this combination invalid.
QMContinues_090714_Blog

* Click on chart to view larger image and print.

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

Gold forecast as of 07/14/2009

Gold – Looking at the last wave down, Elliott shows that market is in the process of “Flat” (FL) 3rd wave in the range of 759.94 – 880.43 between June 30th and August 13th .

Market move above 1000 will most likely change the picture.

GOLD5_090714_Blog

* Click on chart to view larger image and print.

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

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