Wait for a correction to sell #HSI. | 17 Abril 2020

 #HSI weekly

Wait for a correction to sell #HSI.

Technical observation

The commodity on the weekly chart above is trading on an increasing bullish momentum just below the resistance level 25140, my expectation is rejection of this bullish rally at the resistance line for possible bearish momentum. My advice, remain flat and wait for a loss of this upwards momentum at the level 25140 to sell this commodity with your take profit at 21470 and stop loss at 26816. IN case this take profit is hit and there’s a clear penetration below it with a big red candle, further bearish movements of this commodity towards the level 18036 can be anticipated after a correction to the broken line.

Trade recommendation

Wait for a correction to sell #HSI.

#Gazprom weekly

Wait for a correction to sell #HSI.

Technical observation

#Gazprom is trading between a supportive zone 171.09-168.30 and a resistance zone 215.65-212.04.   I expect a correction to the zone 171.09-168.30 followed by a bounce within it for a bullish momentum towards the resistance zone mentioned above. My advice, remain flat and wait for  correction to the zone 171.09-168.30 and a rejection within it to buy this commodity with your take profit at 212.04 and stop loss at 149.41. Continue long with this commodity in case there’s a clear breakout above the zone 215.65-212.04. As it is on the weekly chart above only long positions look ideal and may be recommended.

Trade recommendation

 

Wait for a retracement to buy #Gazprom.

# NIKKEI week

Wait for a correction to sell #HSI.

Technical observation

The value of the commodity on the weekly chart above is rallying with an increasing bearish momentum below a resistance zone 20304-20136, however, I expect a rise to the above mentioned zone followed by a bounce within it for a surge to the lower side. My advice, remain flat temporarily and wait for a correction to the zone 20304-20136 and a rejection within it to sell this commodity with your take profit at 13898. The key levels to look for on your way downwards include; 13898, 10911 and the lowest supportive level 6948. On the weekly chart above only short positions can be recommended.

Trade recommendation

Remain flat temporarily.

Imelda Maseno
Analyst of «FreshForex» company
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