The commodity on the weekly chart above is trading below a resistance zone 183.59-179.72, I expect this company’s shares to correct to the above mentioned zone followed by a rejection within it for possible downwards movements. Remain neutral and wait for a correction to 183.59-179.72 and a bounce within it to sell these shares with your take profit at 144.94 and stop loss at 161.63, if this take profit is hit and there’s a clear breach below it with a big red candle, wait for a retracement to it to confirm further bearish momentum before you continue short towards 106.76. Long positions may only advisable above 183.59-179.72.
#GazpromNef is trading on an increasing bullish bias; recently, this commodity penetrated above a resistance level 389.53 with a big green candle before pulling back to it but could not break below the line and was contained, I expect this upwards movement to continue this week and the weeks to come towards the level 454.88, if you went long at 389.53 after a rejection, hold on to that position with your take profit at 454.88 and stop loss at 277.68 but if you are not in a trade yet, wait for another retracement to 389.53 to buy these shares. As long as #GazpromNef is contained above 389.53, only bullish movements can be expected.
Remain long with your take profit at 454.88.
#Tesla is rising steadily towards a resistance zone it established around 261.98-252.37and my expectation is a bounce within it for bearish rally towards the key level 181.67 and a possible penetration below it for a further decline in value of this company’s shares towards the lower supportive level 97.01. I’m looking to short this commodity within the above mentioned zone with my take profit at 181.67 and stop loss at 296.31. As long as these shares are contained below the zone 261.98-252.37 only short positions look ideal and may be recommended. Right now wait for a correction to 261.98-252.37 to sell #Tesla.
Wait for a correction to 261.98-252.37 to sell #Tesla.