Weekly Review

 GazProm Weekly Review

Wave Analysis

Last week, the shares of this company remains above the weekly support zone 151.72-149.74. This is as long as the price remains above it, We expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should break above 173.62 towards 180.00. And on the flip side, should the price break below 149.74, then this will be an ideal place to look for a long term sell position towards 137.70. As it is, we recommend looking for long term buy orders.

Trade Recommendations:

Buy Gazprom Towards 173.69.

LukOil weekly review

Wave Analysis

Since August 2017, Lukoil has been on the gaining end. While the price is above the two simple moving averages, I expect nothing but a possible momentum even higher towards 5900.00. According to the weekly chart attached, we're waiting for a possible retracement back towards 5362.0 to pick a possible long term buy towards the target mentioned above. This view can only be invalidated in case the price breaks below the 21, simple moving average,and even then, we'll still wait for another break below the 200 sma to confirm that we're short.

Trade Recommendations:

Wait for a  correction to pick a buy order.

MTS weekly review

Wave Analysis

MTS is currently trading with a descelarating momentum to the upperside. As along as the upper trendline sheild the upperside, we're waiting for a clear rejection sign from this trendline to confirm that we're short with our target at 248.28. As it is, on the chart above, both buying and selling MTS is a bit risky, but in case of a bounce from the upperside, then this will be ideal place to pick a low risk sell order with an ideal take profit at 248.28. A break below this line will push the price even lower.

Trade Recommendations:

Sell a bounce from the upper trendline towards 248.78.


Graham Osano
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