Remain long with #CAC40 | 14 Agosto 2020

#HSI weekly 

Technical observation

On the weekly chart above, the value of this commodity is trading with an increasing bullish bias below a resistance zone 25376-25113, my expectation is a rise to the above mentioned zone followed by a bounce within it for bearish movements to the supportive level 21574. My advice, Remain flat and wait for a correction to the zone 25376-25113 and a bounce within it to sell #HSI with your take profit at 21574 and stop loss at 26813. In case there’s no rejection within the zone 25376-25113 but a clear breakout above it with a big green candle, bullish movements towards the line 28799 can be expected.

Trade recommendation

 Remain flat.

#ESTX50 weekly

Technical observation

The value of the commodity on the chart above continues to trade with an increasing bullish momentum since it bounced within the supportive zone 3111.5-3083.9. I expect this upwards movement to continue to the resistance line 3674.0 followed by a clear breakout above it for further bullish movements of this commodity. My advice, if you went long with #ESTX50 within the supportive zone mentioned above, remain in the trade with your take profit at 3674.0 and stop loss at 2921.9. Continue long in case of a clear breakout above the line 3674.0 with a big green candle followed by a correction to it.

Trade recommendation

Remain long with your take profit at 3674.0.

#CAC40 weekly

Technical observation

#CAC40 is rising steadily above a supportive zone 4732.0-4672.0; my expectation is further bullish movements of this commodity towards the key level 5679.4 followed by a clear breakout above it for a further surge to the upper side. My advice, if you bought #CAC40 within the supportive zone mentioned above after a rejection, remain long with your take profit at 5679.4 and stop loss at 4477.0. On the weekly chart above, as long as price is contained above the zone 4732.0-4672.0, you can only anticipate bullish movements of this commodity. Short positions can only be expected below 4732.0-4672.0 towards 3927.0.

Trade recommendation

 Remain long with your take profit at 5679.4.