Last week, nothing much happened on this pair, CAC40 is currently below the zone 6690.3-6636.0. While the price remains below this zone, I expect nothing but a possible momentum to the lowerside. This is the continuation of a correction to the lowerside and may see the price rally straight towards 5749.3. A break below this level will push price much lower towards 4909.9 and may continue much lower.
Trade Recommendations:
We're sellers towards 5749.3
Gold Weekly Review
Wave Analysis
Last few weeks ago, Gold rallied to the upperside and even reached the high of 2065.61 but could not breakout any higher. Following this attempt, I expect nothing but a possible long term sell position. This is the continuation of a long term sell pposition towards 1840.37 and may continue much higher. If the price breaks below this level, then further momentum to the lowerside and may rally much lower towards 1614.97.
Trade Recommendations:
We're waiting for a possible long term sell position towards 1840.37.
Gas Weekly review
Wave Analysis
Last week, natural gas rallied to the upperside and is currently around a significant resistance level 6.460. If the price rebounds from this level, then this will be a good place to consider a possible long term sell position with the next ideal target set at 5.470. A break bellow this level will push the price much lower with the next ideal target set around 3.820. On the flipside, a break above 6.460 will give us a good place to consider a possible long term buy position
Trade Recommendations:
We're looking for a possible long term sell position.
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