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Buy Lukoil

Brent Weekly Review:

Buy Lukoil 

Technical observation:

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 .

Trade signal

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

 

 lukoil review

 Buy Lukoil

 

Technical observation

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.

Trade signal

Buy lukoil,within the zone  (3273.4-3294.6),with your take profit at 3497.0

 

Bitcoin weekly review

Buy Lukoil 

Technical observation

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.

Trade signal

Sell bitcoin now towards 10,000.00.

 

 

 

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
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