Start
trading

Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
Buy Gazprom within 136.48-134.98

Buy Gazprom within 136.48-134.98 | 27 July 2018

Gazprom weekly

Buy Gazprom within 136.48-134.98

Technical observation

Last week, Gazprom declined steadily towards the key support zone 136.48-134.98, It could not penetrate below it and was rejected. I expect bullish momentum of Gazprom from within 136.48-134.98 towards the resistance 157.77 and a break above it for a further rise .You can long Gazprom within 136.48-134.98 with your take profit at 157.77 and stop loss slightly below 134.98.In case of a breach below 136.98,wait for a  correction to it to confirm bearish movements of Gazprom before you short it towards 115.77.Right now only long positions look ideal and  can be recommended don the chart a above.

Trade signal

Long Gazprom within 136.48-134.98 with your take profit at 157.77 and stop loss slightly below 134.98.

          Brent weekly

Buy Gazprom within 136.48-134.98

Technical observation

Brent is still rallying down towards the support 61.32 and I expect a rejection of it at the support level or around it followed by a correction to the resistance zone 80.61-78.85 and a rejection of it within the zone for possible bearish movements towards 61.32.In case it rallies down and there’s a clear breach below 61.32 with a big red candle, wait for a pullback to the just broken line to confirm downwards movement of Brent before you enter short positions. Right now wait for a correction to 80.61-78.85 then short Brent within it with your take profit at 61.32 and stop loss slightly above 80.61.

Trade signal

Wait for a correction to 80.61-78.85 to short Brent.

Platinum weekly

Buy Gazprom within 136.48-134.98

Technical observation

Instead of pulling back to the broken line 885.02,last week platinum went down towards the support 753.96.Currently it is still rallying down but I expect a correction towards the line885.02 and rejection within or a round it for bearish movement of price towards  753.96.You can remain flat right now and wait for the correction to 885.02 then short Platinum at it with your take profit at 753.96 and stop loss slightly above 885.02,If it does not correct to 885.02 and instead breaks below 753.96 with a big red candle, wait for  a correction to it to confirm downwards movement of price before you short the pair.

Trade signal

Remain flat.

Do you know against which currencies CFD is the most profitable?

Buy Gazprom within 136.48-134.98

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:

Close
Log in

Show password

Hide password

 Forgot password?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.