Important bottom in place in Natural Gas?

April 29, 2012

Natural Gas – Odds favors that an important bottom is in place with the test of 1.90. The test of 1.90 was just 6 small pips below the ideal target of 1.96 where wave [C] down from the July 2008 high at 13.96 would have equaled the length for wave [A]. With the prospects of [...]

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Did the Spanish stock-index IBEX just trigger a S/H/S top?

April 28, 2012

Spain (IBEX) – Has a big S/H/S top just been activated in the Spanish stock index IBEX?It could well be, but I would like to see a break below the March 2009 low at 6,702 as an additional confirmation, that a deeper decline towards 5,266 is under way.I would not be surprised to see the [...]

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Elliott wave and technical analysis on EUR/USD; USD/CHF; USD/JPY; GBP/USD; EUR/JPY; USD/CAD and Gold

April 27, 2012

 EUR/USD – The correction from 129.93 became more complex (triple three) than first anticipated, but odds favors that we saw the top of red wave ii at 132.63 yesterday. A close below the minor support-line near 131.55 will indicate that the 132.63 test was the top, while a break below 131.03 will confirm the top [...]

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Elliott wave analysis on EUR/TRY

April 25, 2012


EUR/TRY – Are we finally ready to break below the minor support-line since the 228.49 low?
It looks like it and a break below (close below) will call for the next serious decline towards the double top target near 221.25. Ideally we will reach the 221.25 target around May 7. but lets see how the decline [...]

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Elliott wave analysis on EUR/USD; USD/JPY; GBP/USD and EUR/JPY

April 25, 2012

 EUR/USD – I still view the decline from 132.26 to 131.03 as Impulsive, but that means the correction from 131.03 very soon should find a top for a decline below 131.83 and more importantly 131.47, that will confirm a new decline below 131.03 on the way down towards 129.93.Long term I’m looking for a decline [...]

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Elliott wave and technical analysis on the CRB-Index; Gold; Silver; Copper; and Natural Gas

April 24, 2012

 CRB Index – Is sitting just on top of very important support at 294.00 and break below here (close below) will call for the next serious decline towards the 247 – 249 area on the way below the ending point of wave [A] at 200 longer term.

 Gold – The big question here is still whether [...]

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Elliott wave analysis on EUR/USD; USD/JPY; GBP/USD; AUD/USD; USD/CAD and EUR/JPY

April 24, 2012

 EUR/USD – The decline from 132.26 down to 131.03 seems impulsive (five wave decline), that means we should be looking for a three wave correction towards the 131.79 – 131.97 area from where the next impulsive decline should commerce and take out support at 131.03 for a decline towards support at 129.93 on the way [...]

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Elliott wave and technical analysis on Shanghai Comp.; Cameco and Apple

April 23, 2012

 Shanghai Composite – I have been waiting for minor wave ii to end near 2,420 and with the test of 2,411 today we most likely saw wave ii end, which means we should now see renewed downside pressure. The first hurdle to pass will be support at 2,369 and a break below here will ease [...]

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Elliott wave analysis on EUR/USD; USD/JPY; GBP/USD and EUR/JPY

April 23, 2012

 EUR/USD – Is red wave 2 all-ready done at 132.26 or do we need one more high closer to resistance near 132.36 before the next decline below 129.93 is seen for a continuation down to important long term support near 126.45.
If red wave 2 is done already we should see a break below 131.75 and more importantly 131.15 confirming [...]

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Answer to my quiz on Friday was Natural Gas

April 22, 2012



Natural Gas Inverted




The chart I showed in my little quiz on Friday was of cause and Inverted chart of Natural Gas .
Asked whether you would buy or sell. I think the trend in Natural Gas has matured to a degree where it could turn around any time now. We have entered a strong support area [...]

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