The natural gas continues to rally above 6.480. As long as the price remains above this level, I expect nothing but a possible momentum much higher. basically, I am looking for a possible correction backe towards 6.480 to pick a possible low risk buy position with an ultimate target set around 9.330 and may continue much higher. If the price breaks below 6.480, then we may see sellers take full control.
Trade Recommenations:
We're waiting for a buy from around 6.480
HSI Weekly Review:
Hong Kong stocks Index is currently heading to the lowerside. As long as the price remains below the lower trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and may see the price break below 16027.3 towards 15000.0 and may extend much lower, Is the price again break above the same trendline, we're buyers.
Trade Recommendations:
We're sellers towards 16027.3
Gold Analysis:
Gold is currently within a contracting wedge formation. As long as the price remains within this contracting wedge formation, I expect nothing but possible momentum towards the upper trendline. If the price should break below this trendline, then this will be a good place to consider a possible long term sell position towards 1560.9 and may extend much lower towards 1357.53. And on the flipside, if the price breaks above the upper trendline, then we are buyers towards 2066.1 and will continue much higher.
Trade Recommendations:
We're looking for a buy position towards the upper trendline.
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