Just as previously forecasted, the brent oil rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and may see the price break and close beyond 127.07 and may extend much higher. On this chart, buy positions looks idea and can safely be recommended.
Trade Recommendations:
We're buyers towards 127.09
HSI Weeekly Review:
During the previous trading week, Hong Kong Stock's index attempted to rally to the upperside and is still showing signs of continuing much higher. As it is right now, I expected nothing but a possible momentum to the upperside and may see the price breakout beyond 22678.5 and may continue even higher. On the flipside, should the price break below 18948.0, then this will be a good place to consider a possible long term sell position towards 17453.4 and may continue much lower.
Trade Recommendations:
We're looking for long positions towards 22678.5
German Stock's index Weekly review:
During the previous week, German stock's index closed as an indicision candle. As it is right now, I expect a possible breakout above the previous week's highest high to push the price to the upperside and may break beyond 15241.5 and could continue much higher towards 16353.6 or even higher. On this chart, buy positions looks ideal and safely recommended, and incase the price breaks below 12461.6, then we will be looking for a possible long term sell position towards 10237.9 and may continue much lower.
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