Remain flat with #CAC40 | 23 Juni 2023

#WTI weekly

Remain flat with #CAC40

Technical observation

On the chart above, #WTI pulled back to the supportive zone 66.33-64.20 then bounced within it and right now it is trading with an increasing bullish bias, this week I expect a further surge to the upper side and in case you picked bullish positions within the zone indicated above I recommend that you remain in the trade with your take profit at 126.36 and stop-loss at 50.23. You can continue long with this commodity in case of a clear break above the level 126.36 with a big green candle, bearish positions can only be expected in case of a clear break below the zone 66.33-64.20 towards the supportive level 18.67 or lower to 9.93.

Trade recommendation   

 

Remain long with your take profit at 126.36.

#DJI30 weekly

Remain flat with #CAC40

Technical observation

#DJI30 is trading with an increasing bullish bias slightly below the resistance level 36864 and I expect it to rise to the same line followed by either a rejection at it or a clear break above it with a big green candle, if you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 36864 and stop-loss at 26432. In case of a clear break above the level 36864, wait for a pullback and a rejection at it before you continue long, on the other hand, you can pick short positions towards the level 18497 should there be a clear break below the supportive zone 29092-28626.

Trade recommendation

Remain long with your take profit at 36864.

#CAC40 weekly

Remain flat with #CAC40

Technical observation

#CAC40 is trading with an increasing bearish bias below the resistance level 7587.1, this downwards movement is a correction to the zone 5782.7-5689.0 and i expect a decline to the same zone followed by a possible bounce within it, my advice, remain neutral and wait for a correction to the zone I have indicated above then sell a bounce within it with your take profit at 7587.1 and stop-loss at 5181.3. If the price clearly breaks above the level 7587.1, I expect it to ascend further after a correction to the broken line, however, I expect possible bearish movements in case of a clear break  below the zone 5782.7-5689.0.

Trade recommendation

Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
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