Gas Weekly Review
Wave Analysis:
During the previous week, the natural gas rallied to the lower and is still showing signs of continuing much lower. As long as the price remains below the colored zone shown above, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective three wave cycle and may see the price rally much lower towards 5.332 and will continue much lower towards 3.025.
Trade Recommendations:
We’re sellers towards 5.332.
Brent Oil Weekly Review
Wave Analysis
During the previous week, we saw the Brent oil rally to the lowerside but has not been able to break and close below the lower trendline. Although we still still expect an extension of the last impulsive wave (5) to the lowerside, we are likely to see a bullish pullback towards 97.160 and may breakout upwards towards 103.010. If the price should break below 82.535, then this will be a good place to consider a possible long term sell position.
Trade Recommendations:
We’re sellers towards 80.90.
DJ30 Weekly Review
Wave Analysis
Dow is currently heading to the lowerside. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave (5) to the lowerside and will see the price break and close below 25000.0 and may extend much lower. On this chart, buy positions looks a bit risky and may not be recommended.
Trade Recommendations:
We’re sellers towards 25000.0.
