#IBM weekly
Technical observation
Last week this commodity went down as predicted and I still expect more of these movements this week towards the support 109.78.In case you sold #IBM shares within the resistance zone 142.76-140.43, remain short with your take profit at 109.78 and stop loss at 150.63, if you had not sold it yet you can still sell it now with your take profit still at 109.78, should you be a bit sceptic to sell this commodity now, wait for another retracement to 142.76-140.43 and a bounce within it to sell or a clear breach below 109.78 and a correction to it to pick short positions. As long as #IBM is contained below 142.76-140.43, only short positions can be advisable.
Trade recommendation
Remain short with your take profit at 109.78 and stop loss at 150.63.
#GazpromNef weekly
Technical observation
The commodity on the weekly chart above continues to decrease in value towards a supportive zone 317.35-312.01, thought I expect a loss of this movement within the above mentioned zone, price could still penetrate below it with a big red candle. In case of a rejection within 317.35-312.01, buy #GazpromNef with your take profit at 389.53 and stop loss at 285.74 but should there be a clear breach below the zone, wait for a retracement to it confirming possible bearish momentum of #GazpromNef before you sell it within the zone with your take profit at 240.61 and stop loss at 343.54.Right now only long positon can be advisable.
Trade recommendation
Wait for a rejection within 317.35-312.01 to buy #GazpromNef.
#FedEx weekly
Technical observation
In the last week, #FedEx went down with a big red candle and I still expect a further decline of it towards 126.93 this week and several weeks to come. If you sold this commodity within the resistance zone 183.59-180.02 after a bounce, remain short with you take profit at 126.93 and stop loss at 198.16.If you had not sold it yet, you can still pick short positions now with your take profit still at 126.93.As long as this commodity is contained below the zone 183.59-180.02, only short positions look ideal and may be recommended. Long positions may only be advisable above 183.59-180.02 towards the key resistance level 227.00.
Trade recommendation
Remain short with you take profit at 126.93 and stop loss at 198.16.