Natural Gas Weekly Review
Technical Observation
After established a swing high around 4.990, Natural gas rallied intesly to the lowerside and even established a swing low around 2.030. We expect the current move to the upperside to be a retracement rally and should not go beyond 50.0% fib level. On its way to the upperside, the key lines to look for include 2.955, 3.325 and 3.510. And in case the price breaks above the 50.0% fib level, then we expect further momentum to the upperside, and in case the price breaks below 2.768, then a move towards 2.030 is expected.
Trade Recommendations:
Expect a momentum towards 3.510
Brent Oil weekly Review
Technical Observation
Few days ago, Brent oil established a swing low around 49.00. Following the bounce from the supportive trendline and also above the the level 49.00, we expect a possible momentum to the upperside, this commodity rallied to the upperside and even went around 61.8% fib level, but could not break above this line, To trade this symbol successfully, this pair should pull back to the lowerside but should not go below the supportive trendline, this will be the best place to pick a low risk buy order.
Trade Recommendations:
Wait for a bounce from the supportive trendline to pick a buy.
Gold weekly Review
Technical Observation
Recently, Gold established a swing high around 1564.255. Currently there's a retracement to the lowerside. We expect this move to the lowerside to be a retracement rally but should not go beyond the 50.0% fib level. On its way to the lowerside, the key lines to look for include 1434.580, 1358.973, and the last line is 1358.93. A break below this level will mean we're continuing to the lowerside with your next target being 1304.905, further to the lowerside, the next key level to look for include 1175.230.
Trade Recommendations:
Expect a sell with your take profit at 1358.973.
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