Remain neutral with #Brent | 26 Februari 2021

 #WTI weekly

Remain neutral with #Brent

Technical observation

The commodity on the weekly chart above is trading with an increasing bullish bias below a resistance line 64.11. I expect a loss of this upwards movement at the same line for a retracement to the supportive zone 44.66-43.25 followed by a bounce within it to pick long positions. My advice, remain flat with this commodity and wait for a correction to the zone mentioned above and buy a bounce within it with your take profit at 64.1 and stop loss at 33.69. Should there be a clear breakout above the line 64.11 with a big green candle, wait for a retracement to it before you continue long towards 86.83.

 Trade recommendation

 Remain neutral.

#IBEX35 weekly

Remain neutral with #Brent

Technical observation

#IBEX35 is trading below a resistance zone 8494.7-8388.8 with an increasing bullish bias and i expect a loss of this bullish movement within the zone for a possible surge to the lower side. My advice, remain flat temporarily and wait for a correction to the zone mentioned above and a rejection within it to pick short positions with your take profit at 6413.0 and stop loss at 9011.6. In case there is no bounce within the zone mentioned above but a clear breakout above it with a big green candle, wait for a pull back to it and a bounce confirming bullish movements before you pick long positions towards 9952.7.

Trade recommendation

 Remain flat temporarily.

#Brent weekly

Remain neutral with #Brent

Technical observation

#Brent rose and broke above a resistance line 57.94 with a big green candle, currently, it is trading above the same line with an increasing bearish bias. This downwards movement is a correction to the line 57.94 and I expect a rejection at it for a momentum to the upper side. My advice, remain flat and wait for a second correction to the line 57.94 to buy #Brent with your take profit at 72.03 and stop loss at 50.96. In case the value of this commodity penetrates above the line 72.03, you can anticipate a further momentum to the upper side to the key level 88.50 after a retracement to the just broken line.

Trade recommendation

Remain neutral.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.

 

This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

 

2 steps to get the Invest-portfolio:

 

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

 

2. Send a request to [email protected] with your account number funded.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:

Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.