We are long with #NIKKEI towards 30293 | 29 July 2022

 #NIKKEI weekly

Technical observation

#NIKKEI has been trading with an in increasing bullish bias for the past three weeks and as long it is sustained above the zone 25458-25126, I expect a continuation of this upwards movement to the resistance level 30293 followed by either a clear breakout above it with a big green candle, or a rejection at it. My advice, if you are currently holding bullish positions with the commodity above, remain in the trade with your take profit at 30293 and stop-loss at 23167. Remain long after a clear break above the level 30293 followed by a correction to it. I can only recommend short positions below the zone 25458-25126.

Trade recommendation

Remain long with your take profit at 30293.

#ASX weekly

Technical observation

The commodity on the weekly chart above bounced within the supportive zone 6446.5-6365.7 and last week it rose with a big green candle, this week I expect a continuation of this upwards movement the resistance level 7615.1 followed by either a bounce at it or a clear breakout above it with a big green candle. If you are currently holding bullish positions with #ASX remain long with your take profit at 7615.1 and stop-loss at 5837.4. Continue long after a clear break above the level 7615.1,as it is on the weekly chart above, I can only recommend short positions in case of a clear breakout below the supportive level 6446.5-6365.7.

Trade recommendation

Remain bullish with your take profit at 7615.1.

#Gas weekly

Technical observation

The value of the commodity on the chart above has been trading with an increasing bullish bias for the past several weeks and this week I expect a continuation of this upwards movement to the resistance level 9.003 followed by a rejection at it. If you are holding bullish positions with the commodity above, remain in the trade with your take profit at 9.003 and stop-loss at 4.635. Continue long towards the resistance level 13.561 after a clear break above the level 9.003, on the other hand if there is a penetration below the zone 5.786-5.646, I expect the value of #Gas to surge towards the  supportive level 3.607 or even lower to 1.527.

Trade recommendation 

Remain long with your take profit at 9.003.