Remain neutral with #NQ100. | 22 April 2022

#ESTX50 weekly

Remain neutral with #NQ100.

Technical observation

Last week the value of the commodity on the chart above declined with a big red candle and as long as long as it is sustained below the resistance zone 4006.1-3969.1, I expect a further momentum to the lower side. If you picked short positions within the zone I have mentioned above, remain in the trade with your take profit at 3378.3 and stop-loss at 4174.3. In case of a clear breakout below the line 3378.3 with a big red candle, I expect a possible further surge towards the lower supportive level 2731.3, or even lower to the level 2270.3. I can only recommend bullish positions in case of a clear breakout above the zone 4006.1-3969.1.

 Trade recommendation

Remain short with your take profit at 3378.3.

#Gas weekly

Remain neutral with #NQ100.

Technical observation

On the chart above #Gas rose with a big green candle up to the resistance level 7.534 but could not break above it, instead it closed below the line and this week I expect a possible rally towards the supportive level 5.71 6. The expected bearish movement is a correction to the line 5.716 and I expect a rejection at it to pick long positions with my take profit at 7.534 and stop-loss at 5.188. In case of a clear break above the level 7.534 with a big green candle, I expect a possible further surge to the upper side; on the other hand in case of a penetration below the line 5.716 expect a possible rally to the lower side after a pull back to the broken line.

 Trade recommendation

Remain neutral

#NQ100 weekly

Remain neutral with #NQ100.

Technical observation

For the past three weeks the value of #NQ100 has been trading with an increasing bearish bias. This downwards movement is a correction to the supportive zone 13348.1-13106.6 and I expect a bounce within it to pick long positions with my take profit at 16597.5. In case there is rejection within the zone mentioned above but a clear break below it with a big red candle I expect a possible momentum to the lower side after a correction to the broken zone. On your way downwards the key levels to look for include, 10933.0, 8036.5 and the lower key level 4980.8. Right now I would recommend that you remain neutral with #NQ100.

 Trade recommendation

Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
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