#Gas weekly
Technical Observation
For the past weeks the value of #Gas soared high and last week it reached the resistance level 5.716. This week I expect either a continuation of this upwards movement above the level 5.716, or bearish movements. The anticipated bearish movement is a correction to the supportive zone 3.730-3.625, and right now I would advise that you remain neutral with the commodity above and wait for either a clear break above the level 5.716 followed by a correction and a rejection at it to buy #Gas, or another retracement to zone 3.730-3.625 to re-buy the commodity above with your take profit still at 5.716. I can only recommend short positions below zone 3.730-3.625.
Trade recommendation
Remain flat.
#CAC40 weekly
Trade recommendation
#CAC40 retraced to a supportive zone 6145.2-6063.8 but could not break below it, instead, it bounced within the zone and since then it has been trading with an increasing bullish bias. I expect a continuation of this upwards movement to the resistance level 7226.1 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. If you are currently holding long positions with #CAC40 remain in the trade with your take profit at 7226.1 and stop loss at 5701.1. On the weekly chart above I can only recommend short positions below the zone 6145.2-6063.8.
Trade recommendation
Remain long with your take profit at 7226.1.
#NQ100 weekly
Trade recommendation
The value of the commodity on the weekly chart above retraced to a supportive zone 13348.1-13106.6 for a second time but could not break below it, it was sustained above the same zone and for the past three consecutive weeks it has been trading with an increasing bullish bias. My expectation is a further momentum to the resistance level 16597.5 followed by a bounce at it or a clear break above it. My advice, if you picked long positions within the zone 13348.1-13106.6, remain long with your take profit at 16597.5 and stop loss at 12185.3. You can only anticipate bearish positions below the supportive zone 13348.1-13106.6.
Trade recommendation
Remain bullish with your take profit at 16597.5.
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