Dow Jones Weekly Review
Wave Analysis
Earlier today, this index rose above the upper trendline and is still pretty much above this level. As long as the price is above this trendline,w e expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 26593 towards 27173. On ths flip side, should the price break and close below the supportive trendline, then further momentum to the lowerside is expected towards the lower trendline is expected.
Trade Recommendations
Look for long term buy Positions towards 27173 is expected.
Brent Oil Weekly Review
Wave Analysis
During the previous trading week , Brent oil pulled back to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we expect nothing but a possible momentum to the upper side is expected, the anticipated bullish price rally is the continuation of a correction to the upper side but should not go beyond the 50.0% fib level, as it is now, we recommend remaining long temporarily but with your target fixed around 53.665, where if the price breaks above, we are looking for more buy positions:
Trade Recommendations:
Remain long with your target at 53.665.
Gold weekly Review
Wave Analysis
Just as previously expected, Gold continued to the upper side after breaking above the level 1750.69. While this is true, that the price is above 1750.69, I expect nothing but a possible momentum to the upper sude. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should breakout above 1795.25 towards 2000.00 or even higher. As it is now, only buy positions is expected with an ultimate target around 2000.00. On the flip side, only a break below 1750.69 will attract a sell.
Trade Recommendations:
Remain long towards 2000.00
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