We're long with #Gas towards 3.432 | 14 мая 2021

#WTI weekly

Technical observation

On the weekly chart above, #WTI is trading with an increasing bearish bias within the resistance zone 65.03-64.13. I expect this downwards movement to continue to the supportive level 43.17 followed by a clear breakout below it. If you sold this commodity within the zone mentioned above, remain short with your take profit at 43.17 and stop loss at 71.85. Should there be a clear breakout above the zone 65.03-64.13 with a big green candle, wait for a retracement to it and a bounce confirming a possible momentum to the upper side before you pick long positions. Right Now as it is on the chart above, I can only recommend short positions.

 Trade recommendation

 Remain short with your take profit at 43.17.

#Gas weekly

Technical observation

The commodity on the chart above has been rising steadily since it bounced at the supportive zone 2.490-2.437; buyers are still in control of the market and in case of a clear penetration above the resistance level 3.432, I expect momentum to increase to the upper side. If you are currently long with this pair, remain so with your take profit at 3.432. In case there is a clear breakout above the level 3.432 with a big green candle, wait for a correction to it and a bounce before you continue long with this pair towards the upper resistance level 4.621. In can only recommend short positions below the zone 2.490-2.437 in case of a breakout.

 Trade recommendation

Remain long with your take profit at 3.432.

# XAUUSD weekly

Technical observation

The commodity on the chart above has been rising steadily since it bounced at the supportive zone 2.490-2.437; buyers are still in control of the market and in case of a clear penetration above the resistance level 3.432, I expect momentum to increase to the upper side. If you are currently long with this pair, remain so with your take profit at 3.432. In case there is a clear breakout above the level 3.432 with a big green candle, wait for a correction to it and a bounce before you continue long with this pair towards the upper resistance level 4.621. In can only recommend short positions below the zone 2.490-2.437 in case of a breakout.

 Trade recommendation

Remain long with your take profit at 3.421.