Wait for a correction to buy #BTCUSD | 27 August 2021

 #BTCUSD weekly

Technical observation

The commodity on the weekly chart above has been rising steadily towards the resistance level 47956.53, last week it broke above the same level with a big green candle and it is still showing signs of rising even further. I expect a retracement to the just broken line followed by a bounce at it for a rally to the upper side. My advice, remain neutral temporarily and wait for a correction to the level 47956.53 and a bounce at it to buy #BTC with your take profit at 64340.26 and stop loss at 23905.73. As long as this commodity is sustained above the supportive zone 31925.99-30860.26, I can only recommend bullish positions.

Trade recommendation

 Remain neutral temporarily.

#WTI weekly

Technical observation

#WTI is trading with an increasing bearish bias above the supportive zone 59.77-58.74, I expect a continuation of this bearish movement to the zone I have mentioned above followed by a rejection within it for surge to the upper side. My advice, remain flat temporarily and wait for a correction to the zone in have mentioned above and a rejection within it to buy this commodity with your take profit at 76.73 and stop loss at 51.93. If this commodity is not contained above the zone 59.77-58.74 and instead it clearly penetrated below it with a big red candle, I expect a surge to the lower side after a retracement to the broken zone.

 Trade recommendation

 Buy #WTI within the zone 59.77-58.74 with your take profit at 76.73.

#Gas weekly

Technical observation

For several weeks now, #Gas has been declining steadily towards the supportive zone 3.493-3.441, this bearish movement is a correction to the supportive zone I have mentioned above and I expect a loss a bounce within it for a possible rally to the upper side, my advice, remain flat and wait for a correction to the zone 3.493-3.441 and buy a bounce within it with your take profit at 4.398 and stop loss at 3.159. In case of a clear breakout above the level 4.398 with a big green candle, I expect a further momentum to the upper side after a retracement to the broken line. I can only recommend short positions below the zone 3.493-3.441.

 Trade recommendation

 Remain flat.