Buy #Brent within 91.76-89.61 | 09 September 2022

#Brent weekly 

Technical observation

On the weekly chart above, #Brent declined to the supportive zone 91.76-89.61 but could not break below it, instead it was sustained above the zone and as long as it remains above it I expect possible bullish momentum. My advice, pick long positions now within the zone indicated above with your take profit at 131.32 and stop-loss at 76.49, If there is a break above the level 131.32, I anticipate a further surge to the upper side after a pullback to the broken line, but in case of a break below the zone 91.76-89.61, I expect a momentum to towards the supportive level 54.56 after a correction and a rejection within the broken zone.

Trade recommendation

Buy #Brent within 91.76-89.61 with your take profit at 131.32. 

#NIKKEI weekly

Technical observation

Last week the value of the commodity on the weekly chart above closed bearish between the supportive zone 25458-25126 and a resistance level 30293, this downwards movement is a correction to the zone mentioned above and this week I expect a further surge to the same zone. My advice, remain neutral and wait for a correction to the zone mentioned above then  buy a bounce within it with your take profit 30293 and stop-loss at 23138. A further momentum to the upper side can be expected in case of a clear break above the level 30293; however, if there is a clear break below the zone 25458-25126, I expect the value of #NIKKEI to descend.

Trade recommendation

Wait for a correction to the zone 25458-25126 to buy #NIKKEI.

#CAC40 weekly

Technical observation

 For the past two consecutive weeks the value of the commodity on the chart above has been trading with an increasing bearish bias, this downwards movement is a correction to the supportive zone 5894.5-5821.6 and I expect a bounce within it to pick long positions with my take profit at 7218.4 and stop-loss at 5286.5, In case this commodity is not sustained above the zone I mentioned earlier but clearly breaks below it with a big red candle, I expect it to surge to the lower side after a correction to the broken zone, the key levels to look for on your way downwards include, 4567.6, 3517.6 and the lower supportive level 2463.7.

Trade recommendation

Remain neutral.