SPX500 Weekly Review
Wave Analysis
During the previous trading day, the SPX500 rallied to the upperside and is now above 3892.0. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for long term buy positions expecting a possible rally towards 4002.1 and may breakout much higher to the next kevel 5000.0 or even higher.
Trade Recommendations:
As long as the price remains above 3892.1, we are buyers towards 4000.90.
Brent Oil Review
Wave Analysis
During the previous trading day, the brent oil pulled to the lowerside but is still above 76.026. As it is right now, we are looking for a rally towards 83.396 and may break above this level towars the upper trendline. The anticipated bullish price rally is the continuation of an impulsive wave (c) and may continue much higher towards the upper trendline and may continue much higher.
Trade Recommendations:
We’re long towards 83.396.
Gold Weekly Review
Wave Analysis
Few days ago, we took a buy from around 1823.66 and is still holding onto it. We are expecting a possible rally towards 1900 and may continue much higher towards 2000. As it is right now, buyers are in control towards 2000. On the flipside, should the price break and close below 1823.66 and may see the price rally to the lowerside with the next ideal target set around 1794.22.
Trade Recommendations:
We’re buyers towards 2000.00.
