Buy #WTI within 37.20-36.04 | 27 November 2020

 #WTI weekly

Buy #WTI within 37.20-36.04

Technical observation

 The commodity in the weekly chart above is trading with an increasing bearish momentum above a supportive zone 37.20-36.04; I expect a loss of this bearish rally within the same zone for a momentum to the upper side. On your way upwards the key levels to look for include; 52.52, 64.11 and 76.80. My advice, remain flat and wait for a bounce within the zone 47.20-26.04 to buy #WTI with your take profit at 52.52 and stop loss at 29.60. As long as the value of this commodity is contained above the supportive zone 37.20-36.04, I can only recommend bullish positions.

Trade recommendation

 Buy a bounce within 37.20-36.04 with your take profit at 52.52.

#CAC40 weekly

Buy #WTI within 37.20-36.04

Technical observation

#CAC40 retraced to a supportive zone 4842.0-4792.0 but it did not break below it. The value of this commodity was contained above the zone and is currently trading with an increasing bullish bias. I expect this upwards movement to continue to the resistance level 5522.0 followed by a clear breakout above it for a further rise towards the key level 6102.0. My advice, if you bought this commodity within the zone 4842.0-4792.0 and is currently long, remain so with your take profit at 5522.0 and stop loss at 4477.0. Short positions can only be recommended below the zone 4842.0-4792.0.

Trade recommendation

 Remain long with your take profit at 5522.0.

#ASX weekly

Buy #WTI within 37.20-36.04

Technical observation

 Since it broke above the zone 6148.7-6099.7, #ASX has been rising steadily towards a resistance level 6893.3. I expect a loss of this upwards movement followed by a correction to the just broken zone and a bounce within it to buy this commodity. My advice, wait for a correction to the zone and 6148.7-6099.7 and a bounce within it to buy #ASX with your take profit at 6893.3 and stop loss at 5859.4. In case this take profit is triggered and there is a clear breakout above it with a big green candle, wait for a correction to it and a bounce confirming further bullish movements before you continue long.

 Trade recommendation

 Wait for a correction to 6148.7-6099.7 to buy #ASX.

Imelda Maseno
Analyst of «FreshForex» company
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