Brent Oil Weekly Review
Wave Analysis
During the previous week ending 2nd July, Brent oil rallied to the upperside and is still pretty much bullish. As long as the price remains above the lower moving averages acting as the components of the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside, on the flipside, should the price breaks below the Alligator indicator, we expect nothing but a possible momentum to the lowerside, this bearish price will be the continuation of a corrective wave count and could push the price much lower towards 71.6845.
Trade Recommendations:
We're buyers towards 78.90
SPX500 Weekly Review
Wave Analysis
During the previous week ending 2nd July, SPX500 gained value significantly and is still pretty much bullish. The idea is to wait for a pullback to the lowerside then rebuy this index expecting the price to continue much higher with the next ideal target set around 4450.90 and could extend much higher, on the flipside, should the price breakout below the three lines of the Alligator lines, then we will be looking for a solid sign that we are bearish. Otherwise, as it is now, only buy positions looks ideal and can be recommended with the next ideal target at 4450.90.
Trade Recommendations:
We're buyers towards 4450.00.
Gold Weekly Review
Wave Analysis
Few day's ago, Gold rallied intensly to the lowerside and is still pretty much bearish. As it on the 4 hours chart attached, we are expecting further surge to the lowerside, and could see the price extnd way much below 1752.91. If the price breaks and closes below 1752.91, then this will mean we are continuing short with the last impulsive wave (v) to the lowerside and should push the price much lower towarrds 1690.00 towarrds
On the flipside, should the price sustain itself above the Alligator indicator, we expect nothing but a possible momentum to the upperside with the next ideal target set around 1825.60 and could push the price much higher towards 1908.00.
Trade Recommendations:
We're expecting a possible sell below 1752.91 towards 1600.00.
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