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Weekly Review

Weekly Review | 06 January 2023

Brent Oil Weekly Review 

Weekly Review
 

Wave Analysis

During the previous trading day, the Brent oil continues to rally above 82.779 and is not showing signs of breaking and closing below it. As long as the price remains above 82.779, we expect nothing but a possible momentum to the upperside  towards 88.832. If this target is broken, then further momentum to the upperside is expected with the next ideal target set around 97.961.

Trade Recommendations:

We're buyers towards 88.832.

Gold Weekly Review

Weekly Review

Wave Analysis

During the previous trading day, the impulsive wave (c) continued to the upperside and is showing signs of continuing to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should see the price rally towards 1880.33 and may see the price break and close above this level towards 2000.00 or even higher.

Trade Recommendations:

We're buyers towards 1880.33.

Gas Weekly Review

Wave Analysis

During the previous trading week, the Natural gas rallied to the lowerside but is still a few pips above 5.148, we are waiting for price around this level to pick a buy position towards 7.794 and may continue to the upperside. If you are looking at this chart now, keep looking for long term buy positions towards 7.798 and may breakout to the uppperside, on the flipside, a break below 5.148 will push the price much lower towards 3.135.

Trade Recommendations:

We're waiting for a buy around 5.148 towards 7.798.

Bob Stan
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