SPX500 Weekly Review
Wave Analysis
SPX500 is currently in an active up trend. As long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upper side and should head straight towards 4800.00 and may continue much higher towards 5000.00. At this point, only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
We're buyers towards 5000.00.
Brent Oil Weekly Review
Wave Analysis
Last week, the Brent oil corrected itself to the lowerside but failed to break below the lower bands moving average. While the price does not violated the lower moving average, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should head straight towards 90.90 and may breakout much higher towards 100.90.
Trade Recommendations:
We're buyers towards 90.90.
GazpromNef Weekly Review
Wave Analysis
During the past week, GazpromNef rallied to the lowerside but is still above the Lower Band of the Bollinger Bands, as it is right now, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective wave count and should see the price rally much lower towards 456.80 and may continue much lower. If you are looking at this chart, we are on the sidelines.
Trade Recommendations:
Expect further correction towarrds 458.80
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