CAC40 Weekly Review
Wave Analysis
Just as previously forecasted, the French Stock's index is still in an active up trend. While the Price remains above the trend indicator attached, we expect nothing but a possible momentum to the upperside. Even with a correction below the indicator attached, I expect nothing but a possible momentum to the upperside, we are basically waiting for a break above 7217.8 to pick a low risk buy position with an ultimate target set at 7300.90.
Trade Recommendations:
We're buyers towards 7300.90.
Brent Oil weekly Review
Wave Analysis
The Brent oil continues to rally within the range, not going above the upper trendline or below the lower trendline. We are basically looking for low risk buy positions towards the upper trendline and may continue much higher towards the upper trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected towards 58.300 and may continue much lower towards 44.90 or even lower.
Trade Recommendations:
We're buyers
SPX500 Weekly Review
Wave Analysis
Last week, the SPX500 rallied to the upperside and is still pretty much bullish both on the weekly and on the monthly charts. We expect a possible extension of the last impulsive wave (v) to the upperside and may see the price break beyond 4778.90 and may continue much higher towards 5000.90 and may continue much higher. On the flipside, in case the price break below the indicator attached, then we we'll be on the sidelines until we're back on an up trend
Trade Recommendations:
We're buyers towards 5000.90.
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