Gold Weekly Review
During the few days ago, gold bounced off from the lower trendline but is currently approaching the same support trendline to pick a low risk buy position. In case the price breaks and closes below this trendline, then further momentum to the lowerside is expected with an ultimate target set around 1533.25. On the flipside, a rebound from the lower trendline or a break above the upper trendline will attract a possible long term buy position.
WTI Weekly Review
During the previous trading month, WTI rallied to the lowerside but is still above the upper trendline. While the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside and should head straight towards 104.730. As it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should push the price towards 104.739.
We're buyers towards 104.739.
Natural Gas weekly Review
For the past few months, the natural gas has been in an active up trend. While the price remains above the upper trendline, we expect nothing but a possible momentum to the upper side. The best idea here is to keep looking for long term buy position towards 5.781 and should continue much higher towards 10.119 and should continue much higher. On the flipside, should the price break below the lower trendline, then further momentum towards 1.660.
We're buyers towards 5.781