Monthly Archives: September 2015

Crude Oil

Bullish Outlook :

With respect to the sideways outlook on Minute-degree trend, Crude has bullish potential in short term to resume the rally in Minuette wave (c), after consolidating during the September.

A push above the 47.71 will confirm this bullish case, which is now against the 43.71.

Crude Oil - Daily

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Crude Oil

Sideways Outlook :

Crude Oil has been moving in sideways during the September. An upward push will morph the advance since the August low into three waves, that will lead to unfold Minuette- degree three waves in sideways, as the Minute fourth-wave which remains in progress.

A decline exceeding the 37.75, the August 24 spike low, would indicate an attempt at achieving a significant extreme. (Bearish outlook on the 2nd chart)

Crude Oil - WeeklyCrude Oil - Weekly1

EURUSD

The bearish potential still retains in Euro, with respect to the overall weekly-pattern as [W – Triangle X – Y] which its Minor wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

Gold

Bullish Outlook :

Gold is correcting the prior advance in Minuette degree, as wave (ii) of the same degree. The current pullback will likely amount to the Fibonacci 0.618 retracement level at 1120 over the coming days.

Note : Short term, the Sept. 11 low at 1097.7 still should hold under both bullish cases.

Gold - DailyGold - Daily1

EURUSD

The bearish potential retains in Euro, with respect to the overall weekly-pattern as [W – Triangle X – Y] which its Minor wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

DX

Bearish Outlook :

The price volatility in dollar index still maintains under the Fibonacci 1.618 expansion level, that suggests respecting a viable bearish-possibility.

Based upon this alternate count, expect the correction in Intermediate wave (4) to trace out a double zigzag, which its Minor waves X or Y remain in progress.

DX - Weekly