#ASK is trading on an upward trend with several retracements at a key support zone 5684.1-5639.7,Currently #ASK is pulling back to the above mentioned zone and I expect a rejection of it within the zone for a possible bullish momentum towards 6329.2 and a possible breakout above it for a further rise. I’m looking to pick long positions within 5684.1-5639.7 with my take profit at 6239.2 and stop loss slightly below 5639.7.Should there be a clear breach below 5639.7 with a big red candle, wait for a pullback to it confirming possible bearish momentum before you pick short positions towards the resistance 5123.0.
Buy #ASK within 5684.1-5639
After the breakout above the resistance zone 80.88-79.19, Brent went up for two weeks before pulling back to the just broke zone. Right now it is rallying within it and I expect a bounce within the zone for possible bullish movements towards 98.45, you can pick long positions now within 80.88-79.19 with your take profit at 98.45 and stop loss slightly below 79.19, In case of a break above 98.45, wait for a correction to it confirming further upwards momentum of Brent before you continue long with it. Should there be a break below 80.88-79.19, wait for a retracement to it confirming bearish momentum before you enter short positions towards 67.07 or even lower towards the key resistance line 53.34.
Buy Brent now within 80.88-79.19.
After the rejection at the resistance line 76.87,#WTI has been declining steadily for several weeks towards the supportive zone 62.63-60.95.I expect a decline to the zone followed by either a rejection of it at the zone or a clear breakout below it followed by a correction to it for a further decline in #WTI. If you sold #WTI at 76.87 I would advise you hold on to this position and pick your profits either at 62.63-60.95 or around it. Only short positions look ideal and can be recommended don the weekly chart above. Long positions may only be advisable in case of a clear breach above 76.87 with a big green candle and a correction to it.
Trade signalRemain short.
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