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In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 31 January 2025 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to […]

The post Natural Gas Reacted Strongly From The Blue Box Area appeared first on Action Forex.

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11/12/2023

Gold Feels the Blues After Record Rally

Gold starts a new bearish wave after record high A consolidation phase is likely; support at 1,970-1,990 Despite its rocket rally to a new record high of 2,144 last Monday, gold could not successfully remain above the pandemic-era 2,070 bar, which caused a negative trend reversal in 2022 and 2023. The precious metal has been […]
10/12/2024

Sunset Market Commentary

Markets EUR/GBP set a minor YTD low today at 0.8250. The move came as UK Gilts underperformed German Bunds. UK yields currently add 2.1 bps (2-yr) to 4.6 bps (30-yr) compared with German yields sliding by up to 3.9 bps at the front end of the curve. The euro remains in the defensive going into […]
22/05/2024

RBNZ Review: Doing the Hard Yards

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