CAC40 Weekly Review
Wave Analysis
Few weeks ago, the French Stock's index bounced off from the level 6706.7, but failed to move as high as expected. As it is now, we are waiting for price to pullback towards the same level 6706.7 to pick a possible long term buy position with an ultimate target set at 7422.7. If the price breaks above this level, then further momentum much higher is expected with the next ideal target set around 8000.00 and may extend much higher towards 10k.
Trade Recommendations:
We're waiting for a bounce from 6707.7 to pick a possible long term buy position towards 8000.00.
Gold Weekly Review
Wave Analysis
Few days ago, gold markets bounced off from the upper trendline, headed straight to the lowerside but is still above the lower trendline. As it is right now, we are looking forward to a possible rally much lower trendline but should not close below it. A rebound from this trendline will attract a possible long term buy position towards the upper trendline. And in case the price breaks below this trendline, then we're sellers towards 1672.80.
Trade Recommendations:
We're sellers towards the lower trendline.
HSI Weekly Review
Wave Analysis
Currently, Hong Kong stock's index is around the lower trendline. As long as the price remains above this trendline, I expect nothing but a possible momentum to the upperside. If the price can bounce off nicely from the lower trendline, then this will be the best place to consider a possible long term buy position towards the upper trendline. If the price breaks below the immediate trendline then this will be an ideal place to consider a possible sell position towards 18,465,8 and may extend much lower.
Trade Recommendations:
We're looking for a possible long term buy position towards the upper trendline.
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