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Elliott Wave Counts Update: Commodities

|Includes: CPER, GLD, SGAR, SLV, The United States Oil ETF, LP (USO)

Summary

Gold and Silver down trend presumed to have ended and now is time for a new uptrend.

Crude Oil and Copper expected to continue downtrend.

Sugar expected to range before going down.

Gold 4H Elliott wave counts 11th Dec 2017
Gold 4H Elliott wave counts 11th Dec 2017
Silver Daily Elliott wave counts 11th Dec 2017Silver Daily Elliott wave counts 11th Dec 2017

Copper 4H Elliott wave counts 11th Dec 2017Copper 4H Elliott wave counts 11th Dec 2017

Copper 4H Elliott wave counts 11th Dec 2017Crude Oil 4H Elliott wave counts 11th Dec 2017

Sugar 4H Elliott wave counts 11th Dec 2017Sugar 4H Elliott wave counts 11th Dec 2017 Note that I do have a bias on Gold and Silver to end. And this is in part due to my view that the equity markets will go down. Please refer to my previous post on the equity markets. As long as no new highs are reached, the higher degree counts do not change.