Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	996.20	-8.40	-0.84%
WTI Crude •10 mins	70.78	-0.42	-0.59%
Gasoline •10 mins	2.298	-0.005	-0.21%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.06	-0.43	-0.58%
Natural Gas • 10 mins	3.974	+0.023	+0.58%
Heating Oil • 10 mins	2.285	-0.004	-0.18%

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Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

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Weekend Market Forecasting and Trading Report

By Robert McHugh - Apr 20, 2014, 6:34 AM CDT

Price action this week should give us the clarity we need to move it to the primary scenario. Both indices are forming Rising Bearish Wedges from October 2013. Every multi-week wave from October 2013 has three subwaves. That suggests strongly that the rise from october is forming a Rising Wedge. Given that probability, we can plot the expected future path for stock prices over the coming months ...