Short #NQ100 within 14542.2-14396.2 | 04 March 2022

 #NIKKEI weekly

Short  #NQ100 within 14542.2-14396.2

Technical observation

On the chart above the value of #NIKKEI did not decline as I had anticipated last week, instead, it rose but did still closed below the resistance zone 27470-27146, as long as the value of this company’s shares is contained below the zone I have mentioned above, I expect a surge to the lower side. If you are currently short with #NIKKEI remain in the trade with your take profit at 24041 and stop-loss at 28737. However, if you are neutral you can pick short positions within the zone I have mentioned above after a bounce. In case of a clear penetration below level 24041 with a big red candle, I expect a surge towards the supportive level 19778.

 Trade recommendation

 Remain Flat.

#NQ100 weekly

Short  #NQ100 within 14542.2-14396.2

Technical observation

Last week the value of the index on the weekly chart above traded with an increasing bullish bias below the resistance zone 14542.2-14396.2. This week, I expect a continuation of this upwards movement to the zone I have mentioned above and rejection within it to pick short positions with my take profit at 10935.4 and stop-loss at 15537.0. As long as the value of #NASDAQ is sustained below the resistance zone 14542.2-14396.2, I can only recommend bearish positions for this pair. In case of a clear breakout below 10935.4 with a big red candle, I anticipate momentum to the lower side towards the supportive level 6009.1.

Trade recommendation

 Wait for a correction to the zone 14542.2-14396.2 to sell #NASDAQ.

#WTI weekly

Short  #NQ100 within 14542.2-14396.2

Technical observation

Last week, #WTI did not decline as I had predicted instead it rose with a big green candle, however, this week I expect a correction to the supportive level 83.67 followed by a bounce at it to pick long positions with my take profit at 110.17 and stop-loss at 75.62. Should there be a clear breakout above level 110.17 with a big green candle, you can anticipate a further surge to the upper side after a correction to the broken line. On the other hand, should there be a clear penetration below the level 83.67 with a big red candle; I expect a retracement and a bounce at it followed by momentum to the lower side. Right now remaining neutral is ideal than picking any positions.

 Trade recommendation

 Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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