Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium and Invesco DB Agriculture Fund EFT (DBA).
Market Summary: Stronger USD is seeing softer commodity prices. Soft commodities corn, wheat, sugar, and soybeans are dragging down the ETF DB Agricultural. Expect a small rally in gold and silver but the main trend is still lower in a larger corrective pattern.
Hard commodities nickel, copper and uranium are under pressure and have further downside. The energy sector crude and natural gas also have further declines to come.
