Week ahead in other Markets

DAX – Bullish bias above 11620.00

Pivot (invalidation): 11620.00

SQ Preference: Long positions above 11620.00 with targets at 11720.00 & 11770.00 in extension.

Alternative Scenario: Below 11620.00 look for further downside with 11540.00 & 11485.00 as targets.

S&P 500 – Bullish bias above 2805.50

Pivot (invalidation): 2805.50

SQ Preference: Long positions above 2805.50 with targets at 2840.00 & 2852.00 in extension.

Alternative Scenario: Below 2805.50 look for further downside with 2798.00 & 2784.00 as targets.

Gold Spot – The downside prevails

Pivot (invalidation): 1304.00

SQ Preference: Short positions below 1304.00 with targets at 1297.00 & 1292.50 in extension.

Alternative Scenario: Above 1304.00 look for further upside with 1308.00 & 1311.00 as targets.

Silver Spot – Key reistance at 15.3800

Pivot (invalidation): 15.3800

SQ Preference: Short positions below 15.3800 with targets at 15.2000 & 15.1000 in extension.

Alternative Scenario: Above 15.3800 look for further upside with 15.4400 & 15.5300 as targets.

Crude Oil (WTI) – Expect 57.80

Pivot (invalidation): 58.65

SQ Preference: Short positions below 58.65 with targets at 58.15 & 57.80 in extension.

Alternative Scenario: Above 58.65 look for further upside with 58.95 & 59.20 as targets.