We are flat with #HSI | 03 Febrero 2023

 #Brent weekly

We are flat with #HSI

Technical observation

On the chart above #Brent declined to the supportive zone 79.06-76.71 but could not break below it, instead it bounced within the same zone then rose with a big green candle. As long as price is sustained above the zone I have mentioned above I expect the value of #Brent to rally further to the upper side. If you are currently holding bullish positions with this commodity, I recommend that you remain in the trade with your take profit at 126.21 and stop-loss at 64.28. Should there be a clear break above the level 126.21, I expect a possible rally to the upper side. I can only recommend short positions below the zone 79.06-76.71.

Trade recommendation

Remain long with your take profit at 126.21.

#HSI weekly

We are flat with #HSI

Technical observation

#HSI retraced to the resistance zone 22455-22169 but did not bounce within it, instead it rose above the same zone and last week it closed bullish. This week I expect either continuation of this upwards movement or a surge towards the just broken zone, in case of a rally to the upper side, I recommend that you remain neutral and wait for a correction to the zone I have mentioned above to pick bullish positions with your take profit at 30210 and stop-loss at 19332. In case #HSI is not sustained above the zone 22455-22169 but breaks below it again, wait for a correction to the same zone before you sell this index towards the supportive level 14752.

Trade recommendation

Remain flat.

We are flat with #HSI

Technical observation

#CAC40 has been trading with an increasing bullish bias since it bounced within the supportive zone 5768.4-5682.1 and currently it is trading slightly below the resistance level 7230.6. I expect a continuation of this upwards movement to the level I have mentioned above followed by either a rejection or a clear break above it. If you are currently holding bullish positions with #CAC40, remain in the trade and pick your profits at 7230.6, on the other hand if you are neutral with this index wait for a bounce at the level 7230.6 followed by a correction to the supportive zone 5768.4-5682.1 to buy #CAC40.

Trade recommendation

Remain long with your take profit at 7230.6.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:

Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.