Buy #HSI within 25376-25113 | 24 July 2020

 #WTI weekly

Buy #HSI within 25376-25113

Technical observation

The commodity on the weekly chart above has been trading with an increasing bullish momentum around a resistance zone 39.50-40.71. Last week’s candle closed bullish within the above-mentioned zone and this week, I expect a possible surge to the lower side. If you are currently neutral with this commodity, pick short positions within the zone 40.71-39.50 with your take profit at 18.21 and stop loss at 48.49. In case of a clear penetration above the zone 40.71-39.50 with a big green candle, wait for a correction to the just broken zone to confirm upwards movements before you pick long positions towards 63.20.

Trade recommendation

Sell #WTI within 40.71-39.50 with your take profit at 18.21.

#HSI weekly

Buy #HSI within 25376-25113

Technical observation

 Last week, the commodity on the chart above rallied with an increasing bearish momentum towards supportive zone 25376-25113 but did not break below it. This week, I anticipate bullish movements of this commodity towards the resistance level 29103 followed by either a clear breakout above it with a big green candle or a rejection at it. My advice, buy #HSI within the zone 25376-25113 with your take profit at 29103 and stop loss at 23995. Should there be a clear breakout above the line 29103 with a big green candle, wait for a correction and a rejection before you continue long with this commodity.

Trade recommendation

Buy #HSI within 25376-25113 with your take profit at 29103.

#CAC40 weekly

Buy #HSI within 25376-25113

Technical observation

Since its rejection within the supportive zone 4732.0-4672.0, #CAC40 has been rising steadily towards a resistance key level marked around 5679.4. If you bought this company’s shares within the supportive zone 4732.0-4672.0 after a bounce, remain long with your take profit at 5679.4. However, if you are currently flat with this commodity, remain so and wait for either another correction to the zone 4732.0-4672.0 and bounce within it to buy #CAC40, or a clear breakout above the line 5679.4 with a big green candle followed by correction to it and a bounce to buy this commodity.

Trade recommendation

Remain long with your take profit at 5679.4.

Imelda Maseno
Analyst of «FreshForex» company
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