Gas is short for long | 13 October 2017

Gas Review

Technical Observation:
Gas continues to consolidate below 3.095 despite the previous analysis that it could plummet. In this commodity, the bears are still in control, but I'm waiting for a clear sell signal. A rise to the upper side, and then a reject from 3.095 will be clear sell signal, as it is, its still short, but waiting for a pullback to the upper side will give the most ideal entry point to short this commodity. If you didn't go short around 3.095, wait for a clear pullback towards this zone then pick a short position.

Technical levels:

Resistance levels
R1: 4.144
R2: 4.871

Support Levels

S1: 1.735
S2: 2.837

Trade Signal
Wait and short Gas around 3.095.

Long ASX

Technical Observation

For an extended period, the Australian index has been rallying with a range, not going above 5808.3 or below 5645.5. Unless there's a clear breakout above or below this zone, I'm only interested in trading reversals. If the price breaks above 5808.3, then the price could rise even higher towards 5970.2, while if the price breaks below 5645.5, then I expect a drop towards 5208.3. As it is, I can recommended a long position with a take profit at 5808.3.

Technical levels:

Resistance levels

R1: 6001.1

R2: 5496.2

Support Levels

S1: 5692.3.

S2: 5547.5

Long ASX now with your take profit at 5808.3

Look for a buy position towards 5000.00

Technical Observation:

Last week, Bitcoin gaped above a key resistance line 4122.75 and is still rallying above this line. This was a key resistance line, and now that the price is above, I expect this line to act as a support to any movements to the lower side, thus, unless there's a clear bearish breach below it, I expect a rise towards 4564 or even higher to 5000.00. on the way upwards, key lines to look for include 4500, 4600 and 5000.00. If these lines are breached then the price could rise towards 7000.0If the price breaks below 4122.75, then the price could plummet further towards 3571.69.

Trade Signal

Looking for a buy position towards 5000.00

Imelda Maseno

Analyst of «FreshForex» company

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Gas is short for long | 13 October 2017

Imelda Maseno

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