Wait for a correction to sell #Brent. | 01 May 2020

#Gazprom weekly

 Wait for a correction to sell #Brent.

Technical observation

 

 

The commodity on the weekly chart above is trading between a supportive zone 171.09-168.30 and a resistance zone 215.65-212.04. My expectation is either a rise to the zone 215.65-212.04 or a decline to the supportive zone 215.65-212.04. In case this commodity rise to the resistance zone and there is a rejection within it, sell Gazprom within it with your take profit at 171.09 and stop loss at 227.44. However, in case there is a decline to 215.65-212.04, I expect either a rejection within it or a clear penetration below it with a big red candle. In case of a breach below the zone, continue short towards 132.69.

 

 

Trade recommendation

 

Remain flat.

 

 

 

#NIKKEI weekly

Wait for a correction to sell #Brent.

Technical observation

 

 

The commodity on the weekly chart above was rejected within the resistance zone 20304-20136 before declining. Last week this pair went down and i still expect more bearish price movements towards the key level 17157. If you sold this pair within the zone 20304-20136 after a rejection, remain short with your take profit at 17157 and stop loss at 21349. On your way downwards the key levels to look for include, 17157, 14793 and the lowest level 12203. As long as #NIKKEI is contained below the zone 20304-20136, only short positions look ideal and can be recommended on the weekly chart above.

 

 

Trade recommendation

 

 

Remain short with your take profit at 17157.

#Brent weekly

Wait for a correction to sell #Brent.

Technical observation

 

 

Since its rejection within the resistance zone 54.14-53.09, the commodity on the weekly chart above has been declining steadily and it recently gapped to the lower side confirming possible further bearish movements. Currently #Brent is trading below the level 25.76 it recently penetrated below with a big red candle and i expect a correction to the just broken line followed by a rejection at it. My advice, wait for a retracement to the line 25.76 and a bounce at it to sell #Brent with your take profit at 16.49 and stop loss at 31.05. As it is on the weekly chart above, only short position look ideal and can be recommended.

 

 

Trade recommendation

 

 

Wait for a correction to sell #Brent.

 

 

 

 

 

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:


Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus