#WTI weekly
Technical observation
The commodity on the weekly chart above has been trading with an increasing bullish bias since its rejection within the supportive zone 59.77-58.74, and as long as it is contained above this zone, I expect only a momentum to the upper side. My advice, if you went long with this commodity after a bounce within the zone I have mentioned above, remain in the trade with your take profit at 76.73 and stop loss at 51.80. In case of a clear breakout above the level 76.73 with a big green candle, wait for a retracement to it and a bounce confirming further bullish movements of this commodity before you continue long.
Trade recommendation
Remain long with your take profit at 76.73.
#Gas weekly
Technical observation
For several weeks now Gas been rising steadily above the supportive zone 1.299-1.234.This week I expect a continuation of this bullish movement towards the resistance level 3.421 and at this level, you can expect either a clear breakout above it with a big green candle, or a rejection at it followed by a rally towards the zone 1.299-1.234. If you are currently holding bullish position with this commodity I would advise you remain in that position with your take profit at 3.421 and stop loss at 1.912. Should there be a clear penetration above the level 3.421 with a big green candle, wait for a pullback to it and a bounce before you continue long.
Trade recommendation
Remain long with your take profit at 3.421.
#XAUUSD weekly
Technical observation
#XAUUSD retraced to a supportive zone it established at 1698.84-1682.3 but could not break below it, it bounced within the zone and is currently trading with an increasing bullish bias. I expect this upwards movement to continue to the resistance line 1976.02 followed by either a clear breakout above it with a big green candle or a bounce at it followed by another correction to the zone mentioned above. My advice, if you bought #XAUUSD within the zone 1698.84-1682.3 after a bounce, remain long with your take profit at 1976.02 and stop loss at 1591.25. I can only recommend short positions in case of a clear break below the zone 1698.84-1682.3.
Trade recommendation
Remain long with your take profit at 1976.02.
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