#CAC40 weekly
Technical observation
For the past two consecutive weeks the value of the commodity above rallied to the upper side and this week I expect a possible continuation of this upwards movement. If you are currently holding bullish positions I would recommend that you remain in the trade with your take profit at 7226.1 and stop-loss at 5182.9. Should there be a clear break above the level 7226.1 with a big green candle, I expect the value of #CAC40 to plummet further to the upper side, however, in case of a clear break below the zone 5671.5-5775.1; I expect the value of the commodity above to surge towards the supportive level 3776.3 or lower.
Trade recommendation
Remain long with your take profit at 7226.1.
#HSI weekly
Technical observation
#HSI declined up to the supportive level 16144 as I had predicted but it did not break below it instead, it bounced at this level and this week I expect possible bullish movements. The anticipated upwards movement is a correction to the resistance zone this commodity established at 22455-22169 and I expect rejection within it to pick short positions. My advice, remain neutral and wait for a correction to the zone mentioned above then sell a bounce within it with your take profit at 16144 and stop-loss at 25216. A further surge towards the level 10676 can be anticipated in case of a clear break below the supportive level 16144.
Trade recommendation
Wait for a correction to the zone 22455-22169 to sell #HSI.
#Gas weekly
Technical observation
The commodity on the weekly chart above has been trading with an increasing bearish bias for several weeks now and this week I expect it to rally further to the lower side towards the supportive zone 5.857-5.634. My expectation is a bounce within this zone followed by possible bullish movements and I would recommend that you remain flat temporarily and wait for a correction to the zone indicated above then buy a bounce within it with your take profit at 9.520 and stop-loss at 4.493. On the chart above, as long as the value of #Gas is sustained above the zone 5.857-5.634 I can only recommend picking bullish positions.
Trade recommendation
Remain neutral temporarily.