Dow Jones Weekly Review
Wave Analysis
As long as the price remains below the zone 28989-28898. On this chart, I am looking forward to a possible extension of the late impulsive wave (5) to the lowerside and should break and close below 28415 and may likely continue to the lowerside. On the flipside, unless the price breaks and closes above 29702, we will be looking for a possible long term buy positions towards 31190.
Trade Recommendations:
We’re sellers towards 28415.
GazProm Weekly Review
Wave Analysis:
On the daily chart attached, the GazProm is around a significant support zone 203.15-206.38. As long as the price remains below this zone, we are looking for a possible bearish rally towards 154.08 and may rally much lower. If the price breaks and closes below this target, then further momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside towards 89.20.
Trade Recommendations:
We’re sellers towards 154.08
Gold Weekly Review
Wave Analysis
Last week, Gold rallied to the lowerside and ended up below the zone 1685.77-1674.26. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and may see the price break and close below 1425.27 and mayy likely copntinue much lower. On this chart, only selll positions looks ideal.
Trade Recommendations:
As long as the price remains below 1674.26, we expect nothing but a rally to the lowerside.
