Gold Weekly Review
Wave Analysis
During the previous trading day, gold rallied to the upperside but is still below 1889.90. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave cycle and may see the price rally bearish towards 1811.11 and may extend much lower towards 1730.69 or even lower.
Trade Recommendations:
We're waiting for a sell from around 1889.90 towars 1811.11
Brent Oil Weekly Review
Wave Analysis
Few days ago, the Brent oil bounced off from the supportive trendline and is currently heading to the upperside. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for long term buy positions towards 85.921 and may break and close abogeve it towards 88.652.
Trade Recommendations:
We're buyers towards 85.921.
Brent Oil Weekly Review
Wave Analysis
During the previous trading dat, the Natural gas rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the two moving averages, we expect nothing but a possible momenntum to the lowerside. The anticipated bearish price really is the continuation of the last impulsive wave (5) and may see the price rally towards 1.14.
Trade Recommendations:
We're sellers
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