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Buy #WTI within the zone 68.82-66.58

Buy #WTI within the zone 68.82-66.58 | 16 December 2022

 #CAC4 weekly

Buy #WTI within the zone 68.82-66.58

Technical observation

Since it bounced within the zone 5768.4-5682.1 #CAC40 has been trading with an increasing bullish bias and this week I expect a further surge to the upper side. If you are currently holding bullish positions, my advice is, remain in the trade with your take profit at 7230.6 and stop-loss at 5182.9. Should price break above the level 7230.6 with a big green candle, wait for a correction to it before you continue long with this index, as it is on the chart above, as long as #CAC40 is sustained above the zone 5768.4-5682, I can only recommend bullish positions, short positions can only be recommended below the zone 5768.4-5682.

Trade recommendation

Remain long with your take profit at 7230.6.

#WTI weekly

Buy #WTI within the zone 68.82-66.58

Technical observation

Last week the value of the commodity on the chart above retraced with a big red candle to the supportive zone 68.82-66.58 but did not penetrate below it, however, it bounced above this zone and this week I expect a possible surge to the upper side. My advice, pick bullish positions within the zone 68.82-66.58 with your take profit at 114.92 and stop-loss at 52.02. In case of a clear break above the level 114.92, continue long with after a correction to the broken line, on the other hand, if there is a penetration below the zone 68.82-66.58 you can expect a possible momentum to the supportive level 9.99.

Trade recommendation

Buy #WTI now within the zone 68.82-66.58 with your take profit at 114.92.

#SP500 weekly

Buy #WTI within the zone 68.82-66.58

Technical observation

 The value of the index on the chart above retraced to the supportive zone 3590.6-3523.7 but could not break below it, instead it bounced within this zone and since then it has been trading with an increasing bullish bias.  As long as #SP500 remains above the zone I mentioned earlier, I expect it to surge further to the upper side. If you are currently holding bullish positions, I recommend that you remain in the trade with your take profit at 4791.3 and stop-loss at 3132.0. In case of a clear break above the level 4791.3, I expect the value of this commodity to plummet further to the upper side after a correction to the broken line.

Trade recommendation

Remain long with your take profit at 4791.3.

Imelda Maseno
Analyst of «FreshForex» company
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