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Weekly Review

Weekly Review | 27 January 2023

Brent OIl Review

Weekly Review

Wave Analysis

During the previous trading day, the Brent Oil Rallied to the upperside and is still above 86.762. As long as the price remains above 86.762, we expect nothing but a possible momentum to the upperside. The idea is to keep looking for long term buy position towards the upper trendline and may breakout above it.  The anticipated bullish price rally is  the continuation of the last impulsive wave (c) and may see the price rally towards  97.761.
Trade Recommendations:
We're buyers towards the upper trendline. 
SPX500 Weekly Review
Wave Analysis:
Few days ago, the SPX500 rallied to the upperside and is still showing signs off continuing to the upperside and may see the price rally to the upperside towards the upper trendline. If the price breaks and closes above the upper trendline,  then this will be a good place to upperside and will see the price rally to the upperside towards 4306.3 and may continue to the upperside towards 4500.90 and may extend much higher.
Trade Recommendations:
We're buyers towards the upper trendline.

 Gold Review

Wave Analysis:
During the previous trading day, the impulsive wave (v) to the upperside and may see the price rally to the upperside towards 2000.90 and may see the price rally to the upperside towards 2500 or even higher. On the flipside, should the price break and close below the slow  period moving average, then this will be a good place to consider a sell position.
Trade Recommendations:

 

We're buyers towards 2000.90
Bob Stan
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