mariodconti

mariodconti

Hi Traders, As predicted, Natural Gas topped within the target area at 4.50-4.56. Then again, it retraced to another predicted target area at 4.21-4.18. Now, Natural Gas should resume the uptrend to the area 5.10-5.13 and higher. TARGETS likely: 5.10-5.13 possibly: 5.37-5.38 ELLIOTT WAVES This new uptrend is nothing more than "wave 3" of the recently started...

mariodconti

Hi Traders, As predicted, Natural Gas topped within the target area at 4.50-4.56. Then again, it retraced to another predicted target area at 4.21-4.18. Now, Natural Gas should resume the uptrend to the area 5.10-5.13 and higher. TARGETS likely: 5.10-5.13 possibly: 5.37-5.38 ELLIOTT WAVES This new uptrend is nothing more than "wave 3" of the recently started...

mariodconti

Hi Traders, WTI OIL is very close to the support in the area 75.62-74.94. The sputtering downtrend is "kicking the bucket" and the start of a new uptrend is only hours away. TARGETS First down to the area 75.62-74.94 then up to the area 87.53-87.62 (for a start) ELLIOTT WAVES The weekly chart shows that the A-B-C will be completed by reaching the area...

mariodconti

Hi Traders, GOLD (now at $1155) is performing the last rally to 1220 before resuming the very last ditch to the area around 1089. The present level of 1155 seems to be a good entry point for a short rally to 1200-1220. BTW, once the downtrend resumes, it should stop around level 1089 or end a bit lower around the area at $1043-32 that seems to be the absolute...

mariodconti

Hi Traders, SILVER (now at $15.33) is fast approaching the predicted target around $14.63. The precious metal should end the downtrend above the $14.00 area that seems to be the absolute minimum and it's considered an unbreakable support. If it's true, this would mark the end of the line for the 3.5 years downtrend which should be followed soon by a new major...

mariodconti

Hi Traders, GOLD (now at $1134) is fast approaching the predicted target around 1089. Even in the event of a breakout below this level, the yellow metal should end the downtrend above the area at $1043-32 that seems to be the absolute minimum and it's considered an unbreakable support. If it's true, this would mark the end of the line for the 38 months...

mariodconti

Hi Traders, GOLD (now at $1134) is fast approaching the predicted target around 1089. Even in the event of a breakout below this level, the yellow metal should end the downtrend above the area at $1043-32 that seems to be the absolute minimum and it's considered an unbreakable support. If it's true, this would mark the end of the line for the 38 months...

mariodconti

Hi Traders, Natural Gas (now at 3800) started a major uptrend as 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1". As you can see by the 2-hours chart above we're still plenty of time to get on board for a long position. ELLIOTT WAVES The letter "C" at the...

mariodconti

Hi Traders, Natural Gas displayed a Major Pivot Point as predicted. It's now to retrace to a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the first sub-minuette leg up as part of a long uptrend. Mario D.Conti. Check on

mariodconti

Hi Traders, The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend. The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that...

mariodconti

Hi Traders, To see all the missing charts check on www.fxtutors.com.au GOLD TRIPLE BOTTOM Gold (now at 1241) has made a triple bottom around 1183 (see weekly chart and daily chart) and started a corrective rally as usual. At this stage, there's still no sign of the typical set of waves that mark the end of the major downtrend started in Sept 2011. Hence, Gold...