Gold Weekly Review
Wave Analysis
During the previous trading week, gold weekly remained bullish and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are looking forward to the continuation of the last impulsive wave (c) to the upperside and should breakout above 1833.79 and may continue much higher towards 1912.20. On the flipside, a break below the lower trendline will mean we're sellers towards 1716.00.
Trade Recommendations:
We're buyers towards the level 1833.79.
German Stock's Index
Wave Analysis
Few day's ago, German Stock's Index bounced off from the supportive trendline and is still pretty much bullish both on the day's and on the weekly charts. As it is right now, we are looking forward to the continuation of the impulsive wave (5) and should break above 15,990.8 towards 16k. As it is right now, sell positions looks a bit risky and may not be recommended unless the price breaks below 14,847.0.
Trade Recommendations:
We're buyers towards 15,990.8.
Brent Oil Weekly Review
Wave Analysis
During the previous trading day, the impulsive wave (v) continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts, the anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should break beyond 90.00 towards 100.00 or even higher. On this chart, sell positions seems a bit risky and may not be recommended.
Trade Recommendations:
We're buyers towards 90.0.
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