We are long with #NIKKEI towards 30299 | 07 January 2022

#NIKKEI weekly

Technical observation

The commodity on the weekly chart above established a supportive zone at 27322-26998 and for several weeks now it has been trading above this zone. Right now the value of #NIKKEI is trading with an increasing bullish bias below the resistance level 30299 and I expect it to rise to the same level followed by either a clear break above it with a big green candle or a bounce at it. If you are currently long with this commodity, remain in the trade with your take profit at 30299 and stop loss at 25672. Should there be a clear breakout below the zone 27322-26998, I expect a momentum to the lower side towards the supportive level 24169.

 Trade recommendation

 Remain long with your take profit at 30299.

#WTI weekly

Technical observation

#WTI retraced to the supportive zone 64.43-61.83 but it did not break below it and as long as it is sustained above this zone I expect nothing but a surge to the upper side. Currently the value of this commodity is trading with an increasing bullish bias slightly below the resistance level 83.61 and my expectation is a rise to the same level followed by either a clear breakout above it with a big green candle, or a rejection at it followed by a another correction to the zone 64.43-61.83, In case you are currently holding bullish positions with #WTI, my advice is you remain in the trade with your take profit at 83.61 and stop loss at 54.05.

 Trade recommendation

 Remain bullish with your take profit at 83.61.

#Gas weekly

Technical observation

 The commodity on the weekly chart above broke below the level 4.843 with a big red candle then declined steadily up to the supportive zone 3.500-3.404 but could not break below it. As long as # Gas is sustained above the zone 3.500-3.404 I can only recommend bullish positions for this commodity. If you picked long positions within the zone I have mentioned above after a bounce, remain the trade with your take profit at 4.843 and stop loss at 2.906. In case there is a clear break below the supportive zone 3.500-3.404, wait for a correction then sell a bounce within it with your take profit at 2.072 and stop loss at 4.056.

Trade recommendation

 Remain long with your take profit at 4.843.