Short NIKKEI now | 07 September 2018

Brent weekly

Short NIKKEI now

Technical observation

Last week, Brent was rejected around the resistance zone 80.61-78.85.Right now Brent is on a bearish bias and I expect a decline in it towards 61.32 and a possible breakout below it for a further decline towards 44.48, short Brent within or around 80.61-78.85 with your take profit at 61.32 and stop loss slightly above 80.61.Remain short after a breakout below 61.32 and a correction to it confirming further decline in Brent. Long positions may only be recommended after a clear breach above the resistance zone 80.61-78.85 with a big green candle followed by a correction to it more than once confirming bullish momentum.

Trade signal

Short Brent within or around 80.61-78.85 with your take profit at 61.32 and stop loss slightly above 80.61.

NIKKEI weekly

Short NIKKEI now

Technical observation

Last week, NIKKEI pulled back to the resistance zone 22912-22680 it could not penetrate above it and was rejected. Currently it is within the one and I expect a decline towards 20278 followed by  a breakout below it for a further decline towards 18291.You can short NIKKEI now within 22912-22680 with your take profit at 20278 and stop loss slightly above 22912.On your way downwards the key lines to look for are,20278,18291 and 14855.Long positions may only be recommended above the resistance zone 22912-22680 towards 24178 after  a clear breach above it with  a big green candle followed by  a correction to it.

Trade signal

Short NIKKEI now within 22912-22680 with your take profit at 20278 and stop loss slightly above 22912.

 WTI weekly

Short NIKKEI now

Technical observation

WTI is correcting to the key supportive zone 63.90-61.94,I expect a rejection within it for possible bullish movements towards 76.80 and  possible breakout above 76.80 for  a further rise towards 93.12.Wait for the pullback to 63.90-61.94 then long WTI within it with your take profit at 76.80 and stop loss slightly below 61.94.In case of  a breach above 76.80,wait for  a correction to it to confirm a further rise before you continue long with WTI.Short positions may only be advisable in case of  a clear breakout below the support 63.90-61.94 with  a big red candle followed by a correction to it towards 49.34.

Trade signal

Wait for  a correction to 63.90-61.94 to long WTI towards 76.80.

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Short NIKKEI now

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Imelda Maseno
Analyst of «FreshForex» company
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