Wait for a pull back to buy Brent | 02 Febrero 2018

Brent weekly

Technical observation

During the previous weeks, Brent  had been rallying towards a key resistance line 67.17.recently,Brent broke above the line and retraced to it with a red candle, currently price is it rallying above the line and I expect a correction to it to continue long with Brent with my take profit at 80.72 and stop loss at 64.05.If Brent breaks above 80.72,thyen I expect a rise of price in the coming weeks towards 98.54.In case it goes below the resistance line 57.30,then that would be the ideal time to short Brent after a retracement to the line.

Trade signal

Wait for a pullback to 67.17 then buy Brent with your take profit at 80.72 and stop loss at 64.05

Lukoil weekly

Technical observation

In the past weeks,Lukoil broke above a resistance line 3497.8 and continued with a big green candle to 3954.0.Currently Lukoil is being corrected to 3497.8 and I expect a rejection of it at the line to buy Lukoil with my take profit at 3954.0 and my stop loss at 3425.0.If Lukoil breaks above 3954.0 then I would advise you wait for a  retracement to the line then continue long.Incase it breaks below 2960.4 then that would be the ideal time to short Lukoil  after a retracement to the broken line towards 2564.0 or even further lower. As long as  2960.4 protects the lower side only long positions can be advised.The lines to look for on this chart include,3497.8,3954.0,2960.4

Trade signal

Wait for a retracement to 3497.8 then buy Lukoil with your take profit at 3954.0 and stop loss at 3425.0.

Bitcoin weekly

Technical observation

For one year now,bitcoin has been moving on a n upward trend,recently,it  broke a  key zone ,(13310.76-12655.09) and retraced to it twice,bitcoin was then pulled back to the level and  failed to be rejected instead it broke below the zone and is currently rallying below it expect a correction to the zone and a decline in price  to short  Bitcon towards 5665.16 or even lower to  3655.62.If there’s a clear breach above ,(13310.76-12655.09) then wait for a retracement to the zone before you enter long positions with your take profit at 18831.38. Only short positions can be recommended now.

Trade signal

Wait for a pullback to the zone, (13310.76-12655.09) then short Bitcoin within the zone with your take profit at 5665.16 and stop loss at 14175.92