Remain Short with #HSI | 24 April 2020

 #Gazprom weekly

Remain Short with #HSI

Technical observation

Last week this commodity declined and this bearish movement is still expected today towards the supportive zone 171.09-168.30 followed by a rejection within it for possible bullish rally. Remain flat and wait for a correction to the above-mentioned zone and a rejection within it to buy this commodity with your take profit at 212.04 and stop loss at 149.41. Should there be a clear penetration above the zone 215.65-212.04 with a big green candle, further bullish movements towards the resistance level 264.91 can be anticipated. Only bullish movements can be expected for #Gazprom.

Trade recommendation

Wait for a correction to buy #Gazprom.

#NIKKEI weekly

Remain Short with #HSI

Technical observation

The value of the commodity on the weekly chart above is rallying below a resistance zone 20304-20136 with an increasing bullish momentum. A rejection of this bullish movement is expected within the above-mentioned zone for possible downwards movement. On your way downwards the key levels to look for include; 17232, 14793 and 12203. My advice, remain flat temporarily and wait for a rise to the zone 20304-20136 and a rejection within it to sell # NIKKEI with your take profit at 17232 and stop loss at 21288. Continue short with this commodity in case there is a clear breach below 17232.

Trade recommendation

Remain flat temporarily.

#HSI weekly

Remain Short with #HSI

Technical observation

The commodity on the weekly chart above rose up to the resistance zone 24840-24501 but could not penetrated above it and was rejected. Last week the value of this commodity went down and further bearish movements can still be expected today towards the key level 21417 or even lower to the level 18117. If you sold this commodity within the zone 24840-24501 after a bounce, remain short with your take profit at 21417 and stop loss at 26196. As long as the commodity on the chart above is contained below the zone 24840-24501, only bearish movements look ideal and can be recommended.

Trade recommendation

Remain short with your take profit at 21417.

Imelda Maseno
Analyst of «FreshForex» company
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