Gas Weekly Review
Wave Analysis
During the previous trading week, the impulsive wave (v) continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the Alligator trend indicator attached, we expect nothing but a possible momentum to the lowerside, the idea is to wait for a minor pullback to the upperside to pick a low risk sell order. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 1.635 towards 1.6234.
Trade Recommendations:
Remain short
Brent Oil Weekly Review
Wave Analysis
During the previous trading day, the impulsive wave (v) continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the alligator trend indicator attached, we expect nothing but a possible momentum to the lower side. As it is on the 4 hours chart attached, we are waiting for a possible sell from around 54.320 towards 49.920. This view remains valid as long as the price is held below the alligator trend indicator.
Trade Recommendations:
Remain short towards 48.480.
Gold weekly Review
Wave Analysis
According to the 4 hours chart attached, the alligator trend indicator is above the price. We expect the current bearish price rally to be the continuation of the corrective three wave cycle but may not see price break below 1541.85. This view will only be invalidated in case the price breaks below 1541.85. Looked at from the weekly charts, we are still upwards, the price could break above 1685.35 towards 1700.00 or even higher. As it is now, we are waiting for a bounce from around 1541.80 to pick a buy.
Trade Recommendations:
Wait