applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Friday, 19 January 2018
Copper & Crude
I suppose it is not impossible that crude will extend the ABC into a ABCDE, but that would be highly improbable given the divergences and the weakness being experienced by the $US.
On that point it is improbable that $US prices for raw and basic materials will suddenly drop.