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ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices

13th December 2025 - After some hesitant reaction following Wednesday’s Federal Reserve -25bps rate cut, the major indices finally decided to trade higher through today’s session as the accompanying statement### was surprisingly dovish despite two dissents that favoured holding rates unchanged and several non-voting local Fed presidents voicing the same hawkish opinion. The dot.plot for next year varied dramatically, although consensus is that only one maybe two 25bps cuts will follow in 2026. Meanwhile, Oracle Corp. slightly missed sales estimates but the equity price declined -17% today – Broadcom Inc. announced its latest quarterly earnings tonight – the share price hit our upside target of 420.90+/- trading to 422.00 after-hours but... Read full summary in our latest report!

Financial Updates Currencies

Currencies (FX)

13th December 2025 - The US$ dollar index has pulled lower following Wednesday’s Federal Reserve rate cut but more because of its accompanying dovish statement which was somewhat a surprise, given recent warnings### of sticky inflation readings in the U.S. services sector. The US$ dollar index traded down to 98.13 from November’s high of 100.36 although it tested some important support levels today which, if held, can complete a 2nd wave correction, heightening the probability of a resumption of dollar strength for the next few months. A corresponding but inverse corrective advance has unfolded for the Euro/US$, ending today from November’s low of 1.1469 at 1.1762 – should it turn lower Friday, it’ll raise the probability for the Euro/US$ to continue lower across new year. Stlg/US$ has reached maximum upside targets of 1.3438 today in completing a 4th wave correction from November’s low of .... Read full summary in our latest report!

Financial Updates Bonds

Bonds (Interest Rates)

13th December 2025 - The Federal Reserve confirmed expectations of a -25bps interest rate cut at Wednesday’s meeting but came up with a surprisingly dovish call in its press conference. The reaction immediately### afterwards was apparent – the US10yr yield traded lower from 4.208 extending lower today to 4.100 although declining in five waves as the concluding sequence of a short-term expanding flat pattern that began from Monday’s high of 4.191. This suggests the dovish sentiment has already faded with the yield now heading ...Read full summary in our latest report!

Commodities

13th December 2025 - Gold and platinum remain below their October highs which ended gold’s intermediate wave (3) at 4379.88 and platinum’s cycle wave A advance that began from April’s low. Silver is currently#### attempting to complete intermediate wave (3)’s corresponding high that began from April’s low too, although incomplete, but approaching upside targets towards 68.17-93+/-. Once completed, a more significant decline can then begin a synchronised correction for gold and silver’s intermediate wave (4). Wednesday’s latest EIA weekly petroleum inventories report showed a modest decline of -1.8mn barrels following a gain of 0.6mn the previous week – nothing too impactful – the ...Read full summary in our latest report!

LATEST ARTICLES

THE ‘INFLATION-POP’ - PRECIOUS METALS SET TO SURGE INTO RECORD HIGHS

Bloomberg hosted a Precious Metals Forum on 23rd May and WaveTrack International was invited to present our latest Elliott Wave price-forecasts. The event was sponsored by the CME Group and Johnson Matthey.

OUTLOOK & FORECASTS FOR 2013

Highlights:

  • The 2013 outlook for global stock indices and commodities remains very bullish and is entering the last stage of the ‘inflation-pop’ phase that originally began from the post-financial crisis lows of 2008/09
  • This is expected to ignite another period of asset buying that increases risk-on multiples by a minimum 45% per cent and in some cases as much as +300% per cent, sending some global stock indices and commodities into record highs
  • Shorter-term, there is a danger of a downward adjustment of -5-8% per cent, but then sharp price advances to resume
  • Commodity related stock indices and equities are expected to outperform as a sector during the next 12-16 months
  • Banking stocks to participate, but most will not exceed their pre-financial crisis highs

As always, this year’s Outlook & Forecasts for the next twelve months are created applying the Elliott Wave Principle for the assessment of pattern and price amplitude, also Cycle Analysis for the timing of the larger trend reversals. Not always do they jive, but they seldom contradict and more often, provide valuable insights into one or two variations of a similar theme within a seemingly unlimited amount of possibilities.

Even though this report outlines the price expectancy of all asset classes for 2012 it will also illustrate how this coming year fits together into the larger picture. The reasoning behind this is to move away from the 'black-box' stereotype and show you why the results relate to their specific outcome. Overall, this report deals with two different time-periods – long-term and inter-mediate term. Long-term refers to the uptrends from the Great Depression of 1932 onwards and inter-mediate term for the coming year and into 2013.

HOW TO INTERPRET EACH ELLIOTT WAVE CHART

What do you see when looking at an Elliott Wave chart? Just lots of numbers & letters overlaying the price data? – or do you see definable patterns that are immediately familiar? And how do you interpret the results of the analysis and put it into an effective trading plan? Read on and test your own knowledge of these subjects and much more...

A COMMODITY SUPER-CYCLE?

Recent reports of a Commodity Super-Cycle grabbed my attention for two reasons – first, this is diametrically different to the outlook I foresee developing during the next decade, and second, this terminology has surfaced at a time when various commodities have already undergone large percentage gains measured from the Feb.'09 lows

THE 'DEFLATIONARY SCENARIO'

The primary theme of this presentation focuses on a 'Deflationary' outlook, forecast as the dominant aspect continuing during the next decade. This is derived from analysing the Elliott Wave pattern structure of the CRB (Cash) Index during its expansionary period of the last 76 years.

THE 'FLASH CRASH'

The Update Alert! messaging service of EW-Forecast Plus responded to the sharp collapse and the following recovery of US stock indices during the volatile trading session on the 6th May.

OUTLOOK FORECASTS FOR 2011

This analysis centres around the S&P 500 that is used as a proxy for other global indices. The great bull market beginning from the 1932 low ends 68 years later in 2000 - other global indices peaked later in 2007 (75yrs) – some still continuing to progress.

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TESTIMONIALS

"I just wanted to congratulate you on the EW-Compass reports launch. I'd say all the work you've all put into this project is well worth it… never cease to be amazed by the harmony that you find between the fib relations you highlight and the Elliott count you propose. You are a true descendant of RNE, and I'm quite sure he'd have really loved to see your work… Another aspect that sets you apart is your deep knowledge of the how and why of pattern relationships between higher & lower degrees of the same price action. So much to learn there". - T.S.

ELLIOTT WAVE PATTERN

INTRODUCTION TO THE WAVE PRINCIPLE

The Wave Principle, often referred to as Elliott Wave is a unique methodology that applies Natures Laws, those encompassing the Natural Sciences and Universal Geometric Philosophies to the financial markets. It allows us to view price fluctuations as an organised process that can be non-linearly extrapolated to gain a glimpse into the future direction of trends, counter-trends and amplitudes on any market or contract traded around the world.

Expanding Diagonal Patterns - Do they actually exist? - Elliott's inclusion of the Contracting Diagonal

In R.N.Elliott's original treatise of "The Wave Principle (1938)", he introduces us to diagonal patterns for the first time on page 21. Under the heading, Triangles, Elliott describes the difference between horizontal triangles that represent hesitation within an ongoing, progressive trend and diagonal triangles that form the concluding 5th wave of a larger five wave sequence.

NEWS & EVENTS

Tradersworld Online Expo #12 – Starts 12th November 2012

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 12th Trader Expo held online for 7 weeks starting on 12th November 2012 and ending in the new year on 6th January 2013. Peter’s presentation is entitled “Elliott Wave Price Forecasts & Cycle Projections – Three Phases of the 18 Year Bear Market ~ ‘Shock–Pop–Drop’” for more information visit http://tradersworldonlineexpo.com/

Announcement: 123rd Battery Council & Trade Fair Convention in Miami, 1-4 May 2011

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 123rd Trade Fair Convention of the Battery Council in Miami, 1-4 May 2011. Peter’s presentation is entitled "The Historical Price Trend of Lead and Applying the Elliott Wave Principle to plot its course into the Future".

ELLIOTT WAVE PRICE-FORECAST UPDATES