Gold Weekly Review
Wave Analysis:
Last week, Gold rallied to the lowerside but is still above 1914.89. As it is right now, I expect the price to continue to the lowerside but should not break below 1914.89. Ideally, we are looking for a possible rebound from around 1914.89 to pick a possible long term buy position. And on the flipside, should the price break below 1914.88, then further momentum to the lowerside us expected with an ultimate target set at 1871.44 and may breakout below it.
Trade Recommendations:
We're watching for a possible rebound from 1914.89 to pick a buy position.
Natural Gas Weekly Review
Wave Analysis:
During the previous trading week, Natural Gas rallied to the lowerside but is yet to hit our target set at 6.292-6.154. While the price remains above this zone, we are waiting for a rebound from this zone to pick a possible long term buy position. The idea is to keep holding onto a sell position until when the price reaches 6.292-6.154 to pick a buy position. If the price breaks below this zone, then we will be looking for a possible long term sell position towards 3.666 and may extend much lower.
Trade Recommendations:
We're sellers towards 6.292.
SPX500 Weekly Review
Wave Analysis
Last week, SPX500 continued to the lowerside but is yet to reach our supportive zone 4230.5-4012.2. As long as the price does not clearly break below this zone, this is a good place to consider a possible long term buy position with an ultimate target set around 4617.7. If the price breaks above this level, then further momentum to the upperside is expected with the next ideal target set 5000.90 and may continue much higher.
Trade Recommendations:
We're watching for a possible buy from within 4230.5-4012.2 and may continue much higher towards 4617.90.