Long Brent now | 26 January 2018

Brent weekly

Long Brent now

Technical observation

After weeks of a steady rising, there was a clear breakout above a key support line 67.17.Last week, Brent retraced to the line and the red candle closed within a resistance zone (67.17-68.64).I expect price to rise towards 80.72 and if it  can break  above it then I expect to  have a bullish movement towards 98.58 this week and the weeks to come. Currently only long positions are Ideal and can be advised now within the zone (67.17-68.64) with take profit at 80.72 and stop loss at 61.75.I expect price to trade within the range of 80.72-67.00.

 Trade signal

 Buy Brent now with your first  take profit at 80.72 and the next at 98.58 and stop loss at 61.75.

 

 

Lukoil weekly

Long Brent now

Technical observation

Previously Lukoil traded below the zone2960.4, price then broke above the key resistance line, retraced twice to it then gapped for up, Lukoil then had a bullish movement and broke above a key line 3497.8 and continued further up. If you had not bought lukoil, I would advise you wait for a retracement to the just broken line then long lukoil towards 3956.0 .in case price can break below the key line 3497.8, wait for a retracement to the line to confirm a bearish move before you sell lukoil towards2960.4 or even further lower to 2564.0 .The key lines to look for on this chart are2564.0, 2960.4 and 3497.8.

 Trade signal

Wait for a retracement to the line 3497.8 to buy lukoil towards 3956.0.

 

 

 

 

Bitcoin weekly

Long Brent now

Technical observation

For one year now,bitcoin has been moving a upward trend and recently it  broke a  key zone c) then retraced to it before moving up,bitcoin was then pulled back to the level but was not contained, Last week it  broke below the zone  and I expect  sharp decline towards5665.16.i would advise you sell bitcoin now or wait for a retracement to the just broken zone before you short Bitcoin with your take profit at 5665.16 and stop loss at 14215.50.the key lines to look for on this chart are 5665.16  and 18831.38

 Trade signal.

 Wait for a retracement within the zone (13310.76-12655.09) with your take profit at 5665.16 and stop loss at 14215.50.

 

 

 

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Imelda Maseno
Analyst of «FreshForex» company
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