Commodity Prices

Gold •474 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,581.90	-70.30	-4.25%
WTI Crude •15 mins	58.05	+0.53	+0.92%
Gasoline •12 mins	1.834	+0.004	+0.21%
Ethanol •474 days	2.161	+0.000	+0.00%
Silver •474 days	30.82	+1.16	+3.92%

Silver • 474 days	30.82	+1.16	+3.92%
Copper • 474 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	61.53	+0.52	+0.85%
Natural Gas • 11 mins	3.432	+0.035	+1.03%
Heating Oil • 13 mins	2.205	+0.013	+0.58%

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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 ...