Silver Weekly Analysis:
Silver has been in an active down trend. As long as the price remains below the two moving averages shown above, I expect nothing but a possible rally to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and may see the price head straight towards 18.00 and may continue much lower. If you are looking at this chart right now, keep lookin for ln term sell positions.
Trade Recommendations:
We're sellers towards 18.00
SPX500 Weekly Review:
As it is right now, I am waiting for a bounce from the upper trendline to pick a possible long term sell position. The idea on this chart, is to wait for a breakout above the upper trendline to pick a possible long term buy position. The anticipated bullish price rally is the continuation of a corrective wave cycle but should not go beyond 4184.1. If the price breaks above this level, then further momentum much higher is expected. On the flipside, if the price breaks below 3650.1, then further momentum to the lowerside is expected with the next ideal target sett at 3472.1 and may continue much lower.
Trade Recommendations:
We're sellers towards 3472.1.
Gas weekly Review:
On the chart attached, we are looking for a possible bullish correction towards 7.965. As long as the price remains above 6.510, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a rally to the upperside which should see the price break beyond 9.420 and should continue much higher. Otherwise, if the price breaks below 5.640, then this will be the best place to consider a possible sell position towards 4.59.
Trade Recommendations:
We're buyers towards 9.905
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