Commodities Mid-Year Video Update 2025 – Where Are the Markets Headed Next?

Commodities Mid-Year Video Update 2025 – Where Are the Markets Headed Next?

Are Commodities Approaching a Tipping Point?

The 2025 mid-year landscape is rapidly evolving—and our latest Commodities Video Update (Part II) is here to help you stay ahead of the curve.

This exclusive update dives deep into the forces driving global commodity markets, revealing both risks and opportunities with over 97 expertly analyzed charts. Whether you're trading, investing, or managing portfolios, this is essential viewing for staying informed and positioning effectively for the months ahead.

Energy & Base Metals – The Downtrend Deepens

A clear theme has emerged: Base Metals and Energy are entering the next phase of multi-month declines.

• Crude Oil & Brent completed a corrective rally into June and are now beginning a final leg lower within a broad cycle wave B.
• Natural Gas and European TTF Gas are extending their corrective declines from 2022 highs.
• Energy ETFs like XLE and XOP confirm this trend—projecting sharp declines into Q1 2026 with downside targets of -24% to -33%.

Meanwhile, Base Metals are showing vulnerability:

• Copper’s price premium on COMEX over LME hit an extreme due to Trump’s 50% tariffs—a classic bubble moment now unwinding.
• Aluminium, Lead, Zinc continue downward corrections.
• Major miners like BHP, Anglo American, Glencore, and Vale show mixed but significant signals that the worst may not be over yet.

Tariff Wars & Dollar Revival: Global Risks on the Rise

The global economy is at a critical juncture. Tariff conflicts have become one of the biggest tail-risks in financial markets. In just Q2 of this year, U.S. tariffs generated a record-breaking $64 billion, placing severe pressure on global trade.

At the same time, the U.S. Dollar is rallying, having completed a textbook five-wave decline. With fund manager positioning at a 20-year short extreme, a contrarian move is now underway. A stronger dollar spells more downside for commodity prices, especially energy and base metals.

Precious Metals: Complex, Bullish, and Diverging

While most commodities are trending lower, precious metals are telling a different story:

• Silver is surging, with long-term targets raised to $138.00+/-, set to outperform gold over the coming years.
• Gold remains a favourite among central banks and institutional investors but is currently undergoing a short-term correction.
• Platinum is poised to outperform gold with its Gold/Platinum ratio peaking in April.
• Palladium shows signs of a new bullish trend, though more evidence is needed.

And there’s more: Gold and Silver Miners like GDX and XAU are expected to dip short-term—but the broader multi-year uptrend remains intact.

And we are covering indepth analysis on...

CRB Indices, ETFs & Sentiment – Confirming the Forecast

Food & Agriculture – The Calm Before the Final Push?

Strategic Metals – Strength in a Sea of Volatility

🎯 Why You Need This Video

This Commodities Video Update 2025 is more than just a forecast—it’s a strategic map for navigating volatile global markets in the months ahead. From macroeconomic headwinds to asset-specific signals, this report delivers the clarity and precision you've come to expect from WaveTrack.

What's Included:

• 97+ charts with detailed Elliott Wave annotations
• In-depth video walkthrough
• PDF download for ongoing reference
• Direct insights from 30+ years of market expertise

✅ Ready to Watch?

Clients who’ve purchased the Triple Video Series already have early access. If you haven’t yet, now’s the time to secure your copy and elevate your understanding of where global commodities are truly headed.

Click on the button below to purchase the Commodities Video Update 2025 – Part II

(Available individually or as part of the Triple Mid-Year Series)

If you have any questions, we’re here to help. Most importantly—enjoy the journey through the charts.

WaveTrack International

Elliott Wave Insight for Global Financial Markets