During the previous trading week, the natural gas rallied to slightly to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The idea is to keep looking for low risk long term but positions expecting the last impulsive wave (v) to the upperside and may see the price break above 9.88 towards 10.90 and may continue much higher. On this chart, buy positions looks ideal and are recommended unless the price breaks and closes below 6.480.
We're buyers for now.
Gold Weekly Review
Wave Analysis
Last week, gold bounced off from the lowerb trendline, and is currently heading to the upperside. While the price is contained above the upper trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break above 2112.3 towards 2200 and may extend much higher. On this chart, buy positions looks ideal and are safely recommended.
Trade Recommendations:
We're buyers towards 2021.67.
German Stock's Index:
Wave Analysis:
Last week, the German Stock's Index rallied to the lowerside and is still showing signs of continuing much lower. As it is right now,I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of a corrective wave count and msy see the price break below 12,328.7 and could push the price much lower. On the flipside, in case the price breaks above 16,350.7, then we will be expecting further momentum to the upperside towards 17,809.90 and may extend much higher.
Trade Recommendations:
We're expecting a possible long term sell position towards 13,323.7.
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