Brent Weekly Review:
During the previous weeks brent has been rallying towards a key zone (67.00-68.38) i expect a clear breakout above it ,and then a retracement to the same zone to buy brent. With take profit at 80.62 and stop loss at 61.75 I can either buy the commodity now or wait for a breakout 80.62 then buy brent up to the next key line 90.24. on this chart, the key lines to look for include 45.58,57.38,67.00,80.62 and 98.24. if the price can break above the last key line,98.24,I expect a rise towards 100.00.if the price can break above 67.00,then i expect price to trade within the range 80.62-67.00,during this week and in the coming few weeks .
Wait for a breakout above the level 67.00 then buybrent with your first take profit a 80.62,and the next take profit at 98.24
On 7th November this year, price broke above the zone (3273.4-3294.6),price then had a bullish movement and retraced back to the same zone on 20th and 30th of the same month but could not break below It making it a key supportive zone ,after a gap to the lower side, price got contained above the zone and i expect a rejection from it to long lukoil towards 3440.0.Incase price breaks below the zone with a big candle, I would wait for a retracement to the just broken zone to short lukoil towards the zone( 3000.5-2982.6),right now I would recommend long position.
Buy lukoil,within the zone (3273.4-3294.6),with your take profit at 3497.0
Bitcoin weekly review
For the past one year, bit coin rose almost 800% the value, it was in the year 2016. However, few weeks ago, bitcoin declined in value and even hit the support 11503.30,this is a bearish dominance indication and could mean the price could continue to fall towards 10,000.00.As it is on the weekly chart above I expect a massive decline in value towards the target above,10000.00. With that in mind I advise selling bitcoin now with a possible buy places being 10,000.00 and 5,000.00 respectively. on the way downwards,the major ines to look for include,10,000.00,8,000.00,5,000.00 and 1,000.00.
Sell bitcoin now towards 10,000.00.