Buy Brent now | 16 February 2018

Brent weekly

Technical observation

In the recent past, Brent broke out above the resistance zone  around 57.48,rallied higher and was pulled back to a support line62.35,currently the price was pulled back again to the same line. As long as this line contains price above it, I expect a possible bullish momentum towards 70.16 and should break out even higher. As it is on the weekly chart above, last week’s candle closed around 62.35 and now we’re looking for a low risk buy position with an ultimate target at 70.16.if the candle would have closed below the line then I would expect a decline towards 45.33.

Trade signal

                                                                                                                                    Bitcoin weekly

Technical observation

On the weekly chart above, after a massive decline in Bitcoin price, this crypto currency is currently correcting itself to a line 8430.14, as long as this line protects the upper side I expect Bitcoin to decline even further. Generally Bitcoin is overvalued and chances of plummeting are higher. It could drop to somewhere below $3000.00 or even lower. My advice, is to sell Bitcoin now towards 3586.41 and stop loss at 9538.68.Other than buying Bitcoin, you could buy Bitcoin alternatives such as Ripple and Bitcoin Cash.

Trade signal

Sell bitcoin with your take profit at 3586.41 and stop loss at 9538.68

                                                                                                                                         USDILS

Technical observation

USDILS is currently rallying around a key weekly resistance level (3.5479-3.5333).As long as the price remains below this zone, I expect a possible bearish momentum. The previous weeks candle a bearish candle was not violated to the upper side, I expect a decline is price with an ideal target at 3.3865.the idea is to sell this pair now with your stop loss at 3.5730 and take profit at 3.3865.in case there’s a clear breach above the resistance zone then I would advise you wait for a correction to the just broken zone before you buy USDILS with your ideal target towards 3.7477.

Trade signal

Sell USDILS with your take profit at 3.3865 and stop loss at 3.5730.