Brent Oil Weekly Review
Wave Analysis
After a massive spike to the upperside, Euro pulled back to the lowerside and is currently headed to the lowerside towards 92.180. As it is right now, I am looking forward to a possible surge towards 92.180 to pick a possible long term buy position. A break below this level will push the price to the lowerside. While a rebound from the same level will attract a possible long term buy position with the next ideal target set at 117.90.
Trade Recommendations:
We're buyers towards 117.90.
CAC40 Weekly Review
Wave Analysis
During the previous trading day, CAC40 rallied to the lowerside and is still showing signs of continuing much lower. As it is right now, I expect nothing but a possible extension of the last impulsive wave (c) to the lowerside but should not go below 5720.8. If the price breaks below this level, then further momentum much lower is expected. A break above 6845.7 will mean we are now heading to the upperside towards 6900.90 and may extend much higher.
Trade Recommendations:
We're buyers towards 6700.9
Gas Weekly Review
Wave Analysis
After a rebound from 3.700, Natural gas rallied to the upperside and is still showing signs of continuing much higher. On this chart, I expect nothing but a possible rally to the upperside. I expect nothing but a possible rally to the upperside towards 5.260 and may continue much higher. On the flipside, a break below the level 3.700, then further momentum to the lowerside and may continue much lower towards 2.920 and may extend much lower.
Trade Recommendations:
We're buyers towards 6.430.
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