WTI Weekly Review
Wave Analysis
WTI is above the Alligator indicator lines, as long as the price remains above the Alligator lines, we expect nothing but a possible momentum to the upperside is expected. At this point, we are looking for buy positions strictly, the idea is to wait for pullbacks to pick low risk buy positions. And should the price break above 49.620, then further momentum to the upperside is expected. This view will only be invalidated in case the price breaks below the blue line, if the price breaks below it, then further momentum much lower is expected.
Trade Recommendations:
Remain long towards 49.620.
German Stocks Index Weekly Review
Wave Analysis
During the previous week, German stocks index bounced off from the lower trendline and is still above the lower trendline. And As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upperside and will likely break and close above the upper trendline, if this is the case, then further momentum much higher is expected with the next ideal target set at 14852.00 or even higher.
Trade Recommendations:
Look for low risk buy positions.
#DJI30 Weekly Review
Wave Analysis
Earlier today, Dow Jones gaped to the lowerside but Dow is currently above is opening price as it is now, we are expecting a possible rally towards the upper trendline and should breakout above the upper trendline, then further momentum to the upper side is expected towards 30665.00 and could breakout much higher. This is the continuation of the impulsive wave (E) and should break above 30665.00 or even higher. A rebound from the upper trend line will be a good sigh that we are bearish towards the lower trend line.
Trade Recommendations:
Remain long towards the upper trendline.
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