Remain flat with #Brent | 10 Desember 2021

#Gas weekly

Remain flat with #Brent

Technical observation

 The commodity on the weekly chart above went down with a big red candle towards the supportive zone 3.798-3.711 but it could not reach it, this week I expect either a further rally to the same zone followed by a rejection within it or a rise to the resistance level 5.562. My advice, remain neutral temporarily and buy #Gas within the zone I have mentioned above with your take profit at 5.562 and stop loss at 3.222. As long as the commodity on the chart above is trading above the zone 3.798-3.711, I can only recommend bullish positions, however, should there be a clear breakout below the same zone with a big red candle, i expect a surge to the supportive level 2.071.

 Trade recommendation

Buy a bounce within 3.798-3.711 with your take profit at 5.562.

#NIKKEI weekly

Remain flat with #Brent

Technical observation

#NIKKEI has been declining steadily towards the supportive zone 27146-26880, this bearish movement is a correction to the zone and I expect a rejection within it followed by a momentum to the upper side. My advice, remain neutral and wait for a bounce within the zone 27146-26880 then buy #NIKKEI within it with your take profit at 30299 and stop loss at 25584. In case there is a clear breakout below the zone I have mentioned above, I expect the value of this company’s shares to plunge towards the supportive level 24169. Should there be a clear breakout below the level 24169 with a big red candle; a further momentum towards 19266 can be anticipated.

 Trade recommendation

 Remain neutral temporarily. 

#Brent weekly

Remain flat with #Brent

Technical observation

 #Brent is trading with an increasing bearish bias between a supportive zone 58.64-57.35 and a resistance level 86.52. I expect further bearish movements to the zone mentioned above followed by a bounce within it to pick long positions. My advice, remain flat and wait for a retracement to the zone 58.64-57.35 then buy #Brent within it with your take profit at 86.52 and stop loss at 49.22. In case there is no rejection within the zone I have mentioned above but a clear penetration below it with a big red candle, you can anticipate bearish movements of price towards the supportive level 37.22 or even further to the level 19.54.

 Trade recommendation

 Remain flat

Imelda Maseno
Analyst of «FreshForex» company
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