Platinum’s bear market :
In the Platinum’s bear market since 2008, it is expected the Primary wave B(circle) to develop in further time during, with respect to duration of the same degree previous correction in triangle wave 4(circle) (1980-1998).
In accordance with this concept, a trend change in medium term is anticipated now.
According to the bullish count on this weekly chart, unfolding a [W – Triangle X – Y] formation (since August 2011), would suggest an impending trend change in Platinum’s medium-term.
The wave structure of Intermediate-degree wave (B) may have completed, however there is no any indicating reversal move yet.
As denoted by the labels on the Monthly-chart below, the bear market in Natural Gas (since December 2005) seems to be in the late stages of its Primary-degree wave C(circle).
The wave structure of this several years bear-market could be counted in a leading diagonal as first wave, a zigzag as 2nd wave, and an impulsive decline in its last wave.
Crude Oil seems to be searching for its extreme low surrounding the ending diagonal trend line.
As shown on the weekly-chart below, Crude Oil could have completed a five-wave structure as the Minor-degree wave C.
A bullish view in the Oil’s bear market :
With respect to this bullish interpretation in quarterly frame, Oil’s bear market could be in a significant extreme, so that to suggest the medium-term trend change to the upside.
Searching for a significant extreme :
The sideways overlapping waves (in a triangle), would indicate an ultimate decline below 824.
The Minuette-degree wave (v) extreme will be a significant low, which will soon terminate the Platinum’s bear trend in medium term.
Searching for a significant extreme low :
The ending diagonal as Minor-degree wave 5, indicating the end of Silver’s medium-term downtrend, should be in its final stage (likely within its Minute-degree wave c(circle)).
The extreme point of bullish ending diagonal might be around 13.49, likely in late December.
Searching for a significant low :
The expanding diagonal as Minor-degree wave 5, indicating end of Gold’s bear-trend, seems to be in its final stage (likely within its Minute-degree wave c(circle)).
Based upon the duration of prior declines in Minor-degree waves 1 and 3, the wave structure of the same degree wave 5 would be unfolded entirely, until late December.
Bearish Outlook :
Cable seems to accelerate its market’s selloff, which has exceeded the early December’s low.
The bearish count remains well in place, through the expected target at 1.4247 (where Minute-degree third wave will achieve 1.618 times the length of the same degree first wave).
