Last week, The Brent oil pulled back to the upperside after almost a week of falling. According to the chart attached, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave coumnt and should see the price break beyond 130.090 and may extend much higher.
Basically, we are buyers, therefore only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
We're looking for long term buy positions towards 130.090.
CAC40 weekly review
Wave Analysis
Last week, the French Stock's index rallied to the upperside but is yet to exhaust the current upward momentum. As it is right now, I expect nothing but a possible momentum ton the uppersie. The idea here is to keep looking for long term buy positions expecting the price to break and close beyond 7328.9 and may extend much higher. On the flipside, a rebound from 7328.2 may mean we're now sellers. As it is right now, we are strictly looking for long term buy positions.
Trade Recommendations:
We're looking for long positions towards 7328.2
Gas weekly Review
Wave Analysis
Gas is currently heading to the upperside. As we said during the previous trading day, we expect nothing but a possible momentum much higher. The idea is to keep looking for long term but positions on this chart expecting the to extend much higher with the next ideal target set at 6.520 and may continue much higher. On this chart, sell positions are not recommended at the moment.
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