Brent Oil weekly review
Technical; Observation
Acceding to the 4 hours attached Brent in an active up trend, while the price is held above the alligator trend indicator attached, we expect further momentum to the upper side. As it is now, the price went above 67.32 and is still above this line, while this is true that the price is contained above this line, we expect a momentum to the upper side, This bullish price rally is supported by the fact that the other trend indicator, ADX has its Green Handle above the red handled, this means we are s still bullish.
Trade Recommendations:
Buy Brent oil towards 70.00.
Gold weekly Review
Technical Observation:
Gold is currently in an active up trend. While the price is held above the alligator trend indicator, we are looking low risk buy opportunities his bullish price rally is supported by the fact that the ADX trend indicator is bullish, the green handle is several points above the red handle and the main handle is above the Main Buffer, on this chart, we recommend buy opportunities only, we’re basically waiting for a break above the previous week’s highest high to pick a low risk buy order with our next target around 1600.00.
Trade Recommendations:
Buy a break above the previous week’s highest high
Gas Weekly Review
Technical Observation
According to the 4 hours chart attached, we are in an active down trend. While the price is contained below the Alligator trend indicator, we are in short positions, we are waiting for low risks Opportunities to pick sell orders. This bearish price rally is supported by the fact that the ADX trend indicator has its Red handle above the green handle and the main line is above the 25 level. As it is now, I recommend looking for long term sell orders towards 2.020. A break below will push the price even lower.
Trade Recommendations:
We are looking for short orders.
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