Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Natural Gas $NG_F . As our members know, Natural Gas futures has been showing incomplete bearish sequences in the cycle from the August 23rd peak. We recommended members to avoid buying the commodity. Cycle from the 10.036 peak was incomplete and we knew the drop was coming . In the further text we are going to explain the Elliott Wave Forecast.

MTU Aero Engines AG is a German aircraft engine manufacturer. It develops, manufactures and provides service support for civil and military aircraft engines. Founded in 1934 and headquartered in Munich, Germany, it can be traded under the ticker $MTX at XETRA in Frankfurt. MTU is a part of DAX40 index. In the initial article back in April 2021, we have forecasted a new cycle higher.

Stellantis N.V. (STLA) designs, manufactures and sells vehicles under the Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Fiat Professional, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid and Comau brands. The company sells its vehicles directly or through distributors and dealers in more than 130 countries and also offers retail financing, leasing and rental services.

Tower Semiconductor (TSEM.US) is an Israel-based Tower Semiconductor that specialises in trailing edge nodes (150nm to 300nm) for analogue devices, used mainly for power management and in IoT sensors. They are used as components in a wide range of electronic devices, from home appliances to cars.

Activision Blizzard (ATVI.US) is the largest US publisher and developer of computer games. It produces and distributes game and entertainment content for consoles, personal computers and mobile devices worldwide. The company owns world-famous franchises as Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch and Candy Crush. Activision Blizzard also manages eSports leagues and provides third-party publishers with production and distribution services for their content.

Dow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows.

In this technical blog, we will look at the past performance of 1-hour Elliott Wave Charts of USDCAD. In which, the rally from 11 August 2022 high is unfolding as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in USDCAD is incomplete to the upside & should see more upside. So, we advised members to buy the dip in 3, 7, or 11 swings at the extreme areas. We will explain the structure & forecast below: