Weekly Review

SPX500 Weekly Review

Weekly Review

Wave Analysis

For the past two weeks, SPX500 corrected itself to the lowerside but is still being supported by the 52 Simple Moving Avarage. As long as the price remains above this MA, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the continuation of the impulsive wave (5) to the upperside and should head towards 3000.00. And on the lowerside, should the price break below this MA, then we'll expect a possible momentum further to the lowerside towards 2541.0.

Trade Recommendations

We're waiting for a clear buy position.

 Gold Weekly Review

Weekly Review

Wave Analysis

For almost two weeks in a raw, Gold markets has been on the gaining end. Following the break above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should clearly break above 1231 towards 1235 or even higher. And on the other side, should the price break below 1216.00, then this will be an ideal place to look for a long term short position towards the supportive trendline.

Trade Recommendations:

We're buying gold above 1231.40.

Brent Weekly Review

Weekly Review

Wave Analysis

After breaking above 79.21, Brent oil continued slightly to the upper side and has pulled back to the same level, this is a good buy place, and as long as the price remains above it,  we expect nothing but a possible momentum to the upperside. And on the contrary, should the price break below 79.21, then we'll wait for a pullback to the just broken level to pick a long term short position with an ultimate target at 70.95, if this target is broken, then further momentum to the lowerside is expected.

Trade Recommendations:

We're looking for a long position

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Graham Osano
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