Brent is trading below the resistance zone 80.61-78.85, I expect a correction to the zone and a rejection within it for possible bearish momentum towards the support 61.32,I also expect a breach below 61.32 followed by a correction to it for further downwards movement of Brent. Short Brent within 80.61-78.85 with your take profit 61.32 and stop loss slightly above 80.61.Only short positions look ideal on the weekly chart above. Long position may only be recommended in case of a clear breakout above the resistance zone 80.61-78.85 with a big green candle followed by a pullback tot it confirming bullish momentum.
Short Brent within 80.61-78.85 towards 61.32.
NIKKEI is below the resistance zone 22912-22680,I expect a pullback to it and a rejection within it for possible downwards movements towards the support 20278 and a possible breach below it too for a further decline towards the lower support 18292.Wait for the rejection within the zone then short NKKEI at it with your take profit at 20278 and stop loss slightly above 22912.Should there be a breach above 22912 with a big green candle, wait for a confirmation of possible bullish momentum before you enter long positions. On your way downwards the lines to look out for include, 20278, 18292, 12621 and 15096.
Sell NIKKEI within 22912-22680 with your ideal target at 20278.
WTI is trading above a key supportive zone 64.18-61.94,it it correcting to the zone for the fourth time and I expect nothing but a rejection of it within the zone for possible bullish momentum towards the resistance line 76.80 and a possible breach above it for a further rise in price towards the upper resistance line 93.12.Wait for the pullback to 64.18-61.94 then short Light sweet crude oil within it with your take profit at 76.80 and stop loss slightly below 61.94.Shoud there be a breakout below the zone, wait for correction to it to confirm bearish momentum before you pick short positions with your target at 49.34.
Trade signalWait for a pullback to 64.18-61.94 to long WTI towards 76.80.
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