WaveTrack International

Elliott Wave Financial Price Forecasting


by WaveTrack International| January 28, 2022 | No Comments


We’re pleased to announce the publication of WaveTrack’s annual 2022 video outlook of medium-term ELLIOTT WAVE price-forecasts. Today’s release is PART II, COMMODITIES – Part I was released last month and Part III will be published in late-February

Inflation-Pop within Deflationary Cycle

Commodities have been the largest contributor of rising inflationary pressures over the last year as Consumer Prices (CPI’s) from around the world surge to 30-year highs – in the U.S., headline CPI has recently printed levels to 7.1% whilst Fed Funds have remains stuck at the Fed’s current all-time-low of 0.00%-0.25% per cent – US10yr yields only 1.900%.

These huge price rises have been expected though, part of the second stage of the ‘Inflation-Pop’ cycle that began from the grand ‘Re-Synchronisation’ lows of 2016. Many commodities like Copper forged secondary lows at the beginning of 2016, others like Crude/Brent oil joined the inflation-pop cycle much later and from much lower, comparable levels, at the pandemic lows of March ’20. But all have one thing in common – these price advances, although huge, are part of a much longer term ‘deflationary cycle’ that is balancing the end of the ‘Commodity Super-Cycle’ that unfolded from the Great Depression lows of 1932 into the orthodox end in 2006-08.

Rising Inflationary Pressures – Food & Energy

Recent investment bank surveys show the biggest concern amongst large asset funds is rising inflationary pressures – it’s not surprising the Federal Reserve having seen CPI above 7.0% per cent have panicked, reversing policy that inflation was transitory into its current persistent dialogue. It seemed obvious last year the Fed would end up chasing their own tail in a catch-up situation of rising inflation whilst holding back on interest rate rises – we now see the central bank unwinding its bond-buying programme in preparation for interest rate rises in March this year. With commodities expected to undergo severe corrections this year, inflationary pressures are forecast to pull back from recent highs prior to resuming higher in 2023/24. See fig #1

Commodities Video Outlook 2022 Fig #1 - CRB Index Cycle by WaveTrack International

Fig #1 – CRB Index Cycle by WaveTrack International

Commodity Correction During Next 6-8 Months

Whilst commodity prices have surged higher from the pandemic lows of March ’20, many have unfolded higher into five wave impulse patterns, either ending last May ’21 like Copper, or into more recent highs like Crude/Brent oil, depending on the commodity. These disparative highs are not uniform which makes it difficult to pinpoint when exhaustion tops occur, but when some underperform, i.e. Copper pulls lower from last year’s highs whilst Crude/Brent oil make higher-highs, this sets-up bearish divergences across many technical signals – a bearish warning of impending price declines.

Rare Earth Metals

Rare Earth Metals have seen exponential price rises from pandemic lows – this report features price forecasts for the VanEck Vectors Rare Earth ETF and analysis of MP Materials Corp. who owns and operates he Mountain Pass mine, the only operating rare earth mine and processing facility in the United States. See fig #2

Commodities Video Outlook 2022 Fig #2 - Rare Earth Metals  WaveTrack International

Fig #2 – Rare Earth Metals – Worldwide by courtesy of Elements.visualcapitalist.com

Commodities Video Part II

Contents: 125 charts
Time: 2 hours 47 mins.

• US PCE Inflation
• Food and Agriculture Index
• Lumber
• CRB-Cash index
• US Dollar index + Cycles
• Copper + Cycles
• Aluminium
• Lead
• Zinc
• Nickel
• Tin
• XME Metals & Mining Index
• BHP-Billiton
• Freeport McMoran
• Antofagasta
• Anglo American
• Glencore
• Rio Tinto
• Teck Resources
• Vale
• Gold + Cycles
• GDX Gold Miners Index
• Newmont Mining
• Amer Barrick Gold
• Agnico Eagle Mines
• AngloGold Ashanti
• Fresnillo Silver
• Silver + Cycles
• Silver/Copper Correlation
• XAU Gold/Silver Index
• Gold-Silver Ratio
• Gold/Platinum Spread
• Platinum
• Palladium
• Rare Earths
• Iron Ore
• Uranium
• Crude Oil + Cycles
• Brent Oil
• XLE Energy SPDR
• XOP Oil and Gas Index
• Natural Gas

How can you purchase the video?

1. Contact us @ services@wavetrack.com and ask for a PayPal payment link (please state if you like to purchase the Commodities Single video or the Triple Video?).
2. Ask for an individual credit card payment link (in case you do not with to pay via PayPal).

  • Each video runs for at least up to 2 hours and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Indices Video is 2 hour 20 mins long!).
  • *(additional VAT may be added depending on your country – currently US, Canada, Asia have no added VAT but most European countries do)

    We’re sure you’ll reap the benefits – don’t forget to contact us with any Elliott Wave questions – Peter is always keen to hear you views, queries and comments.

    Visit us @ www.wavetrack.com

    We’re sure you’ll reap the benefits. Don’t forget to contact us with any Elliott Wave questions. Our EW-team is always keen to hear your views, queries, and comments.

    Visit us @ www.wavetrack.com


    About WTI

    WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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