Recap of last week: - As discussed - US Oil has found its bottom of wave 3 and is currently playing in Wave 4 - US 30 / 100 - Maintaining its buy on dip structure had a difficult midweek but recovered - Gold and Silver bot started the week off ok but bearishness soon kicked in with both commodities showing a sell off during the week Factors for this week: - Wave 4 is well and truly on for US Oil. I expect it to continue in Wave 4 with the coming week with the current swing high being wave A of 4 (76.08) Prices could look to reverse around 78 - 80 levels. before we see a Wave 5 beginning. Wave 4 could take some time and I do not expect it to finish in this coming week. - US30/100 - still in buy on dip mode. I see that both indices are absorbing any selling coming their way and are managing to protect important levels. If they manage to sustain at these levels we are looking at them beginning the next rally soon - possibly from the very start of next week. - Gold and Silver - Both commodities showed weakness last week but not enough to fully push them into the bearish scenario. This week holds to be important too and will determine if gold and silver are looking to create a base at these levels OR a much lower low is getting ready to form.

Recap of last week: - US Oil still drifting towards our next target of 65 as discussed. Current low sitting at 67 but still no confirmation that wave 4 has begun - US30/US100 saw some early pressure but the dips were bought more so in the US30 which gave a pretty strong weekly close. US100 still base building but ready to launch - Gold and Silver remained strong last week and have given a good rise from their swing lows Factors for this week: - Oil should soon find its bottom (of wave 3) and begin wave 4. We were expecting this last week but no signs yet to confirm that wave 4 has begun. - US30 - Going strong and will continue to rise. May have a bumpy day mid week but continue to buy on dips until 54000+ levels are here - US100 - Base building should be done. US100 seems set to rally this week as well - US dollar is almost ready to complete its corrective pullback and begin the next step of its rally - Gold and Silver are at an important juncture. This week will be very important in determining which scenario they fall into. A strong week breaking important levels could prove that the W4 corrective is over. However, if bearishness comes back in midweek and gold / silver close the week with a bearish candle, chances are we are going to see new lows in both the commodities.

Recap of last week: - US Oil continued its downtrend as expected and hit its next target of 68 (low of 68.56) - US Markets continued to consolidate with the lows getting bought in and highs getting sold into - Gold and Silver continued their bearish trend through most of the week. Showing some consolidation/strength towards Thursday and Friday Factors for this week: - US Oil still showing no signs that Wave 3 is in fact over. I see prices drifting towards 65 before a pullback wave 4 could begin. I'm expecting Wave 4 to begin sometime this week. We might start the week with oil prices moving up but this up move will get sold into to complete the 3rd wave. - US markets (US30/100) are still consolidating and looking to build a strong base before launching into their next impulse. Even though the next few days might still be corrective in nature we are close to forming a bottom / base before markets begin the next leg of the rally. This rally may start towards the end of this week or push into the next. - Gold and silver may start the week strong as the last few days showed some positive consolidation in both the commodities. However, according to the structure - both gold and silver are yet to complete their downside targets to expect bearishness to come in towards the end of the week / start of next week - US dollar seems to also be building a good base around these levels. I can see USD pairs consolidating or pulling back towards the start of the week before getting into the next leg of their upswing.

Recap of last week: - Us Oil hit our first target of 75 as expected and continued its downward journey - US Markets experienced a bit of profit booking after a good surge upwards in the week - Gold / Silver started the week strong with a pullback (wave 4) and have sold off towards the end of the week. Factors for this week: - US Oil made a low of 72 with targets of 68 - 65 still open. We may see oil start the week a bit stronger - pulling back before it finally creates the end of its 3rd wave. - US 30 / US 100 may continue to pullback or play in a range as they get ready to launch into their next impulse. Buy on dip to be maintained here - Gold + Silver to continue their bearish trend in the week ahead. Depending on price action in the start of the week I would utilise any pullback as a selling opportunity.

Recap of last week: - US Oil continued its downtrend with the pullback fizzling out around 95. We are currently trading near the lows with our text target of 80 within reach. - As discussed, US Markets seem to have found their bottom last week and have begun the move for the next impulse. The price action near the lows is highly indicative that we are now ready to head upwards - Gold broke its important low of 4099 and hence changed the corrective structure to a way correction. - Most USD pairs showed slight positive movement in an attempt to build a base at these current levels Factors for this week: - US Oil should continue its downtrend towards 80 followed by 75 levels. Short traders for Us Oil need to soon start being watchful as Oil begins to trade below 80. Follow a strict trailing stop loss for your trades. - US Markets (US30, 100 , 500) to continue its upward trajectory with the current bottom formed to hold as a strong base for the rally ahead. Any dips this week to be looked at as buying opportunities. - Gold did not stick to the original structure and seems to be in a hurry to finish its corrective wxy correction. We are still a a while away with the bottom being formed. I expect gold to play in a range next week with the price completing wave 3 of c and moving into wave 4. Gold usually tends to pause after giving strong breakout moves like it did last week. - USD pairs are at an important inflection point. They either break past the resistances during the next week or head back into a corrective / pause mode. Opening few days are crucial and will set the tone for the week to come.