Lukoil weekly Review
Wave Analysis:
Lukoil is currently pulling back to the upperside, We expect this move to the upperside to be the continuation of the previous impulsive wave count and should head straight towards 5795.0 or even higher. And on the flipside, should price breakout below 5030.0, then this will be an ideal place to look for long term sell order. The month of may saw a tremendously increase in volume of sellers but then the price took an opposite turn to the upperside. As it is, we’re waiting for price to rise above the three simple moving averages to pick a long term buy order with an ultimate target at 5795.00 or even higher. We recommend conservative traders should look for low risk buy orders.
Trade Recommendations:
Look for low risk buy orders.
GazpromNef Weekly Review
Wave Analysis:
During the previous trading week, nothing much happened on the shares of this company. The price is still rallying above 400.47. As long as the price is remains above this level, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should extend even higher towards 6000.00 or even higher. And on the flipside, in case of a break below 400.47, then we recommend looking for long term sell orders towards 321.95 or even lower.
Trade Recommendations:
We’re looking for long term buy orders as long as the price is above 400.47.
Gazprom Weekly Review
Wave Analysis:
April through to June has seen a tremendous increase in volume of buyers. As it is on the daily chart, we expect further increase in the volume of buyers, The idea is to wait for corrections to the lowerside to pick a low risk buy order with an ultimate target at 250.00 or even higher. Should price breakout above this level, then this will be an ideal place to rebuy the share of this company, This view can only be incalidated in case the price breaks below 198 handle. If this is true, then further move to the lowerside is expected.
Trade Recommendations:
Rebuy the shares of this company around 198.00.
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