During the previous week, natural gas rallied to the lowerside after an impulsive move to the upperside, we expect this bearish rally to be a corrective wave count and may see the price rally even further lower this week, ideally, we are expecting a long term buy position towards 8.90 however, this week, and possibly in the coming few week's we're likely to see a sell off towards 4.140 and may extend much lower.
Trade Recommendations:
We're expecting a possible sell off towards 4.140.
German Stock's index weekly Review:
Wave Analysis:
During the previous trading week, german stock's index rallied to the lowerside but is now within the zone 12807.6-13423.3. As long as the price remains within this zone, we expect nothing but a possible rebound from this zone to pick a possible long term buy position towards the level 16301.2 and may continue much higher. On the flipside, should the price break below 12807.6, then this could be a good place to consider a possible long term sell position with the next ideal target set at 7541.5 and may continue much lower.
Trade Recommendations:
We're watching for a rebound from 12807.6-13423.3 to pick a low risk buy position.
SPX500 Weekly Review:
Wave Analysis:
After a drastic deline in price few weeks ago, the SPX500 is currently gaining momentum to the upperside. The idea on this chart is to keep looking for low risk buy positions expecting the price to continue upwards towards this year's highest high and may breakout even higher. The idea here is to keep looking for low risk buy positions unless the price clearlt breaks and closes below this year's current lowest low.
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