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THE ELLIOTT WAVE NAVIGATOR |COMMODITIES OUTLOOK & FORECASTS FOR 2016

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This month’s Elliott Wave Navigator publishes Part II of our annual update of price-forecasts for 2016 and beyond. This will also be available in video format sometime during the next few weeks – Part I, produced last month takes a look at annual price-forecasts for Global Stock Indices (fig’s #1-36) – in this edition, Part II (fig’s #37-81) takes a look at trends for Commodities. Our original intention was to include Currencies & Interest Rates but due to the in-depth analysis of commodity markets, these will be added to Part III next month.

COMMODITIES: in several cases, overall declines from the 2011 highs have extended much further than originally forecast with differing performance in the sub-sectors of BASE METALS, PRECIOUS METALS & ENERGY. Outperformance/underperformance is measured relative to the financial-crisis lows and percentage declines from the 2011 highs. Copper is down -57% percent from its 2011 high, crude oil -77% per cent and gold -45% per cent.