Weekly Review | 06 Diciembre 2019

Brent Oil

 Weekly Review

Technical Observation

Breent oil is currently trading in an an active downtrend. While the price is not able to clear breakout above the upper trendline, we're waiting for a possible bounce from the upper trendline to pick a sell and a bounce from the lower trendline to pick a buy. In case the price breaks above the upper trendline, then we expect a possible momentum to the upper side towards 89.70. On its way to the upperside, the key levels to look for include 73.70, 81.70 and 89.70. And in case the price breaks and closes below   the supportive trendline, then a momentum towards 33.90 is expected.

Trade Recommendations:

Sell a bounce from the upper trendline.

Gold Review

Weekly Review

Technical Observation

Gold is curently in an active up trend. While the price is cntained above the moving average attached, then we expectb furrther mopmentum to the upperside.  This upward rally is supportive by the fact that the MACD columns are above the 0.00 level. While this is true, I recommend looking for long term buy position. The current rally to the lowerside is a mere correction and should not find itself below 1361.35. On its way to the lowerside, the key levels to look for include 1407.25, 1361.25.

Trade Recommendation:

wait and rebuy gold from 1361.35.

Gas Review

Weekly Review

Technical Observation

Gas is currently in an active downtrend. While the price is contained below the moving average attached, I expect further momentum to the lower side. This bearish rally is supported by the fact that the Columns of MACd are below the 0.00 level, and while this is true, that the price is below the moving average attached, and the MACD columns are below the 0.00 level, I recommend looking for low risk sell orders towards 2.245. A break below this level will push the price even lower towards 2.200.

Trade Recommendations:

Sell Gas with your take profit at 2..200.

Imelda Maseno
Analyst of «FreshForex» company
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