Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	975.30	+8.20	+0.85%
WTI Crude •54 mins	64.14	+1.06	+1.68%
Gasoline •10 mins	2.092	+0.027	+1.28%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.08	+0.82	+1.24%
Natural Gas • 10 mins	3.030	+0.014	+0.46%
Heating Oil • 14 mins	2.140	+0.031	+1.48%

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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 ...