Remain flat with Brent | 08 June 2018

Brent weekly

Technical observation

 After breaking up above a resistance zone 62.35-60.83.Brent retraced to the broken zone twice then rallied up towards a resistance 80.61,It was rejected and could not penetrate above it, right now it is below 80.16 and is still pretty much bullish, I expect this week’s candle to either correct to 62.35-60.83 or break up above 80.61 followed by a correction to it for bullish momentum towards 103.86.In case of a  correction to 62.35-60.83,buy Brent within the zone with your ideal target at 80.61 and in case of a breach above 80.61,wait for a correction to it then long Brent. Right now remain flat.

Remain flat

                 Gas Weekly

Technical observation

On the weekly chart above Gas has been trading on an upward movement with several retracements at the support zone 2.617-2.557, price then rose towards a resistance line 3.468 but was rejected at it and so could not penetrate above it.Currently it is rallying between2.617-2.557 and 3.468 and I expect either a rise a to 3.468 and a breakout above it followed by a correction to it for possible bullish momentum or a retracement to 2.617-2.557 for bullish movement of price. I would advise you remain flat now and wait for either to long Gas. Short positions can only be advised in case of a breakout below 2.557.

 Trade signal

 Remain flat

           Platinum weekly   

Technical observation

 On the chart above Platinum is trading on a downward trend with five retracements at a resistance zone 1039.87-1023.40.Currently it is at the support line 890.56 an I expect this week’s candle to break down below it or pull back to 1039.87-1023.40 for possible bearish movements. In case  there’s a breakout below 890.56 with a big red candle, wait for a correction to it then short Platinum with your take profit at 753.96,and if it does not break below it and instead is corrected to 1039.87-1023.40,short Platinum within the zone with your ideal target 890.56.Long positions may only be recommended above 1039.87

 Trade signal

Wait for a breakout below 890.56 to short Platinum.

101% Double the volume