Dow Jones Weekly Review
Wave Analysis
After establishing a swing high around 34080, Dow is yet to make a clear corrective move to the lowerside. As it is now, we are expecting a possible breakout below 23.6% fib level, towards 38.2% fib level and may breakout much lower. The anticipated bearish price rally is the continuation of a corrective wave count and may breakout below 50.0% fib level. On the flipside, should the price break above 34080 then further momentum to the upperside is expected with an ultimate target st 35000.00.
Trade Recommendations:
Wait for a correction from 38.2% fib level to pick a long term buy position towards 35000.00.
Gold Weekly Review
Wave Analysis
From 12th April, gold has been in an active up trend. As it is now, we expect further momentum to the upperside and should not go beyond 1810.16. If the price break above this level, then further momentum to the upperside is expected with an ultimate target at 1905.08 and may extend much higher. And in case the price rebound from the level 1810.16, then this will be a good place to consider a possible long term sell position with an ideal target set at 1741.00 and may breakout much lower towards 1678.12.
Trade Recommendations:
Remain long towards 1810.16.
WTI Weekly Review
Wave Analysis
Nothing much appears to be happening on this pair. In overall, this pair is upwards, however, we do expect further momentum to the lower side and should breakout below 57.799 towards 53.030 and may breakout much lower towards 44.00 or even lower. On the other side, should the price breakout above 61.8% fib level. then further momentum to the upper side is expect with an ultimate target set at 67.270. A breakout above this level will push the price much higher towards 70.00.
Trade Recommendations:
Wait and buy a breakout above 61.8 towards 67.270.
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