Wait for a correction to 5.716 to buy #Gas. | 29 Abril 2022

 #CAC40 weekly

Wait for a correction to 5.716 to buy #Gas.

Technical observation

#CAC40 retraced to the supportive zone 6145.2-6063.8 but could not break below it; instead, it was rejected within the zone and for some time it traded with an increasing bullish bias. However, last week this commodity retraced for some time but I still expect a momentum to the upper side. If you picked long positions within the zone I have mentioned above, I would recommend that you remain in the trade with your take profit at 7226.1 and stop-loss at 5612.1. Should there a clear break below the supportive zone 6145.2-6063.8 with a big red candle, I expect a possible momentum to the lower side after a correction to the broken zone.

Trade recommendation

 Remain long with your take profit at 7226.1. 

#Gas weekly

Wait for a correction to 5.716 to buy #Gas.

Technical observation

Last week the value of the commodity above declined with a big red candle and this week I expect a continuation of this bearish movement towards the supportive level 5.716 followed by a rejection at it to pick long positions with my take profit at the level 7.534 and stop-loss at 4.929. In case of a clear breakout above the line 7.534 with a big green candle, I expect a further momentum to the upper side after a correction to the broken line. On the other hand should there be a clear break below the supportive level 5.716, I expect the value of this pair to plummet towards the supportive level 3.730 or even lower.

 Trade recommendation

Wait for a correction to the level 5.716 to buy #Gas.

#NQ100 weekly

Wait for a correction to 5.716 to buy #Gas.

Technical observation

The value of the commodity on the weekly chart above declined up to the supportive zone 13348.1-13106.6 but could not break below it, instead it bounced within the same zone and this week I expect a possible surge to the upper side towards the resistance level 16597.5. My advice, pick long positions within the zone mentioned above with your take profit at 16597.5 and stop-loss at 12198.0.  In case of a clear breakout below the zone stated above with a big red candle, you can expect a possible rally towards the supportive level 10933.0 after a correction to the broken zone and rejection within it.

 Trade recommendation

 Buy NQ100 within the zone 13348.1-13106.6.

Imelda Maseno
Analyst of «FreshForex» company
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