Short #FedEx now | 08 Marzo 2019

 #IBM weekly

Short  #FedEx now

Technical observation

Last week #IBM went down and I still expect more of this movement this week and several weeks to come, In case you sold this commodity within the resistance zone 142.76-140.43, hold on to that position with your take profit at 109.78 and stop loss at 149.00, if you had not sold it yet, you can still pick short positons now with your take profit at 109.78.As long as #IBM is contained below the zone 142.76-140.43, only short positions look ideal and may be recommended, long positions may only be advisable should there be a clear penetration above 142.76-140.43 with a big green candle  followed by a correction and a bounce within it.

Trade recommendation

Remain short with your take profit at 109.78 and stop loss at 149.00.

#GazpromNef weekly

Short  #FedEx now

Technical observation

The commodity on the weekly chart above is still declining steadily towards a supportive zone 317.35-312.01, I expect a rejection within the zone for possible bullish momentum towards 389.53, you can remain flat temporarily and wait for the close within 317.35-312.01 to buy this commodity with your take profit at 389.53 and stop loss at 286.34.In case of a clear breach below 317.35-312.01 with, wait for a correction to it confirming possible bearish momentum before you pick short positions towards the supportive level marked at 240.61.As long as #GazpromNef is contained above 317.35-312.01, only long positions can be recommended.

Trade recommendation

Remain flat temporarily.

#FedEX weekly

Short  #FedEx now

Technical observation

#FedEx rose to the resistance zone 183.59-180.02 but could not penetrate above it, I expect downwards movements towards the support 126.93 and a possible breakout below it for a further decline. Now is the best time to sell this commodity within the zone 183.59-180.02 with your take profit at 126.93 and stop loss at 198.16, continue short in case of a penetration below 126.93 followed by a correction to it and a rejection. Should there be a clear breakout above 183.59-180.02 followed by correction to it and a bounce within it, long positions may be recommended towards the key resistance level marked at 228.78.

Trade recommendation

Sell #FedEx now within 183.59-180.02 with your take profit at 126.93 and stop loss at 198.16.

Imelda Maseno
Analyst of «FreshForex» company
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