#FTSE100 weekly
Technical observation
#FTSE100 pulled back to the supportive zone it established at 6893.2-6815.6 but it did not break below it, instead it bounced within this zone and this week I expect possible bullish movements. My advice, pick long positions now within the zone indicated above with your take profit at 7902.7 and stop-loss at 6245.1. If there is a clear break above the level 7902.7 with a big green candle, continue long after a retracement to the broken level and a bounce at it, on the other hand in case of a penetration below the zone 6893.2-6815.6, pick short positions towards the supportive level 5521.8 after a correction to the broken zone.
Trade recommendation
Buy #FTSE100 within 6893.2-6815.6 with your take profit at 7902.7.
#CAC40 weekly
Technical observation
#CAC40 has been pulling back steadily to the supportive zone it established at 5715.9-5634.5 and la st week it closed bearish within the same zone. This week i expect a possible surge to the upper side and I would recommend that you pick long positions now within the zone mentioned above with your take profit at 7226.1 and stop-loss at 5079.2, In case of a penetration above the level 7226.1, I expect a further surge to the upper side after a pullback to the broken line. As it is on the weekly chart above, as long the value of #CAC40 is sustained above the zone 5715.9-5634.5, I can only recommend picking bullish positions.
Trade recommendation
Pick long positions within 5715.9-5634.5 with your take profit at 7226.1.
#HSI weekly
Technical observation
The commodity on the weekly chart above has been trading with an increasing bearish momentum for several weeks now and this week I expect a continuation of this downwards movement to the supportive level 16201. At this level, I expect either a clear penetration below it with a big red candle, or a rejection at it, and if you are currently holding short positions I would recommend that you remain in the trade and pick your profits at the level indicated above. In case of a break below the level 16201, I expect the value of #HSI to plummet further towards the key level 10638, on the chart above I can only recommend bullish positions above the zone 22455-22169.
Trade recommendation
Remain short with your take profit at 16201.
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