Remain neutral with #CAC40 | 07 Abril 2023

#CAC40 weekly

Remain neutral with #CAC40

Technical observation

#CAC40 rose to the resistance level 7402.7 but did not break above it; instead it bounced at it and it is currently trading with an increasing bearish, I expect a continuation of this downwards movement to the supportive zone 5768.4-5682.1 followed by either a rejection within it or a clear break below it with a big red candle. My advice, remain neutral and wait for a pullback to the zone indicated above then buy a bounce within it with your take profit at 7402.7 and stop-loss at 5174.6. If there is a clear break below the zone 5768.4-5682.1, wait for a correction to the broken zone before you pick short positions towards 3769.4.

Trade recommendation

 

Remain neutral.

#XAUUSD weekly

Remain neutral with #CAC40

Technical observation

#GOLD is trading with an increasing bearish bias below the resistance 2017.15, this bearish movement is a slight retracement to the lower side and I expect a loss of I followed by a surge to the upper side. If you are currently holding bullish positions with the pair above, I recommend that you remain in the trade with your take profit at 2017.15 and stop-loss at 1534.93. If there is a clear break above the level 2017.15 with a big green candle, wait for a correction to the broken line before you continue long , as it is on the chart above as long as the value of this commodity is contained above the zone 1673.28-1643.25 I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 2017.15.

#WTI weekly

Remain neutral with #CAC40

Technical observation

On the weekly chart above #WTI is trading with an increasing bullish bias and I expect a continuation of this upwards movement to the resistance zone 81.8-78.89 followed by a rejection within it. My advice, remain flat and wait for a pullback to the zone I have indicated above then sell a bounce within it with your take profit at 43.97 and stop-loss at 97.70. If there is a clear break below the level 43.97 with a big red candle, I expect the value of this commodity to descend further towards the key level 9.93 or lower, but if there is a clear break above the 81.8-78.89, I expect a possible bullish movement towards 126.36.

Trade recommendation

Remain neutral temporarily.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus