#CAC40 weekly
Technical observation
The commodity on the weekly chart above is trading with an increasing bullish momentum above a supportive zone 4732.0-4672.0. Last week, the value of this commodity went up and I still expect further bullish movements this week towards the resistance line 5679.4 followed by a clear breakout above it for a further rise. My advice, if you bought the commodity in the chart above within the zone 4732.0-4672.0 and is currently long with it, remain long with your take profit at 5679.0 and stop loss at 4287.0. On the weekly chart above bearish momentum can only be anticipated below the zone 4732.0-4672.0.
Trade recommendation
Remain long with your take profit at 5679.0.
#DAX30 weekly
Technical observation
# DAX30 last week traded with an increasing bearish momentum towards the supportive zone 11619.0-11725.9 and bounced within it. This week I expect a continuation of this bullish rally towards the resistance line 13471.9 If you bought the commodity on the chart above within the zone 11619.0-11725.9 after a ejection, remain long with your take profit a 13471.9 and stop loss at 11111.0. On the chart above as long as the value of commodity on the chart above is contained above the zone 11619.0-11725.9, we can only expect upwards movements of this commodity.
Trade recommendation
Remain long with your take profit a 13471.9.
#Brent weekly
Technical observation
Last week the commodity on the weekly chart above rose instead of declining as I had predicted. This upwards movement was rejected within the resistance zone 43.27-42.05. This week I expect either bearish movements or a clear break above the zone 43.27-42.05 with a big green candle. Sell #Brent now within the zone 43.27-42.05 with your take profit at 24.94 and stop loss at 49.53. In case there is a clear breach above the zone with a big green candle, wait for a pullback to the just broken zone and a bounce within it to confirm possible bullish movements before you pick long position towards 58.07.
Trade recommendation
Remain flat temporarily.
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