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A bullish shark (target 34) and a bearish bat (target 58) pattern are "battling" for dominance with regard to crude oil price directionality. At the moment there is a negative tendency, that could evolve into a sideways motion until the OPEC decisions.

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Potential bearish crab pattern may lead to 1116.7 by November 30th.

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Two A-cycle (since 2011) terminal options present themselves: (a) Primary, whereby a 3 drives bullish pattern leads prices towards 1008 (December 28th) and (b) Secondary, whereby a W-support forms around 1080 (presently). The market price action as always will guide us to the proper scenario.

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Since August, the Euro/USDollar trend is typically negative, currently developing the last (and more ominous) wave (z.e). Price oscillations are taking place within the "oversold" region defined by the Bollinger bands with parameters (20,2) and (20,1). Probable target is the extended 1.618 Fibonacci level of 1.02588, obtained from the July-August rising wave limits.

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A bullish crab is enveloping GDX prices with a target tip at 12.72. An intermediate pivot-support S1 of 13.16 is also a good candidate for the decline termination. If these values manage to hold the selling pressure, then there is a good chance of a very reliable Eve-Adam W-support pattern forming, which could in essence lead into a bear to bull cycle...

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An examination of the Natural Gas weekly chart reveals that the EW corrective pattern appears to be complete. The ultimate long awaited by the majority of analysts target of 2 has been achieved. What most likely follows is a 38.2% Fibonacci retracement towards the value of 3.663.

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Critical trend decisions this week concerning Dow Jones Industrial. Will a break out of the ellipse take place or a corrective z-wave develop ? My personal inclination is towards the latter.

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Unless a clean upward break of the declining wedge takes place soon, two possible patterns could dominate future oil prices (technically), a rounding bottom and a three drives bullish formation. In the first case the target is 39.45, whereas in the second 35.13.

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The correction since the beginnings of 2015 appears complete (EW=a-b-c (w-x-y-x-z)) and a new rising trend is underway assisted also by the formation of a three drives pattern. The descending channel is about to be broken upwards and PMO has given a strong buy signal

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Provided the rounding bottom curve supports any future pullbacks, there is a good chance that gold has embarked upon a directional shift, most likely a B-type (bullish) corrective cycle. This directly implies that the overall price motion since 2011 could be classified as an A-type (bearish) corrective cycle. Short term major resistance may be found in the range...

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Lately Nasdaq 100 prices are enclosed within MA200 (resistance) and MA50 (support), which directly implies the presence of a "death cross" signal. A rising channel encompasses the price oscillation with the mid-line providing support to the short term trend. A negative break could initiate an ominous y-wave correction, whereas a continuation of the uptrend could...

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The chart above is just a personal EW view of the probable future S&P 500 index oscillation pattern. Assuming 1840 was the end of wave 4 or A then the current rise could drive values up to 2167 without altering the characteristics of a wave 3 or c. However after the predicted pivotal date of February 1st, the type of motion will be clarified, i.e. wave B or 5.3....

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In all probability a c-wave has started that may lead prices towards 121.39 (MA200; truncated c) or even 131.54 (for equal wave a & c yield; perfect c). Expected peak date is October 27th. Technically, the overall trend has entered a bear market due to the MA50 & MA200 negative crossing.

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Due to the strength of the current rise, the index motion may be classified as a wave 3 (impulsive) or c (corrective). In all probability, the situation will be clarified around October 14th.

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For quite some time gold prices oscillate within a wedge. If an upward break does not take place any time soon (target 1170 to 1200), then prices may follow a declining pitchfork pattern towards the final lows below 1000. Both bulls & bears are aware of the importance of the wedge, and hence no clear resolution of the trend problem is evident. Some negative bias...

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A final drop is expected in Nasdaq 100 before the customary year's end rally. The October month has a tendency of being volatile, and Elliott wave propagation points to a new low.

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Crude oil prices are close to a consolidation resolution. Although the descending triangular pattern favors a final decline to complete wave 2, the close proximity to the triangle's upper resistance line might tempt traders to drive prices towards the wave 3 target destination range of 52 to 56.

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There is still great uncertainty concerning the future gold trend. Nothing has been decided yet. The corrective wave since January 23rd has been forcing prices to oscillate within a negatively sloping channel. Since July 20th a rising channel appeared and presently prices are at a very critical point. (Bearish scenario) Previous wave durations are adopted to...