BTCUSD Weekly Review
During the previous trading week, BTC rallied to the upperside but failed to reach the zone 21885-22323. As long as the price does not clearly break above this zone, we expect nothing but a possible rebound from this zone to pick a possible long term sell position towards 16124.80. If the price breaks and closes below this zone, then further momentum to the lowerside is expected. If the price should break above this zone, then a momentum to the upperside is expected.
We’re waiting for a rebound from the zone 21885-22325 to pick a sell position.
GazPromNef Weekly Outlook
In July this year, GaspromNef bounced off from the level 359.58, headed straight to the upperside but is still few pips below the zone 484.35-473.71. As long as the price does not break and close above this zone, we are waiting for a rebound from it to pick a possible sell position back towards 359.58. If the price should close above the same zone, then we will be interested in long term buy positions towards 600.90 and will likely push price much higher.
We’re buyers towards 473.71.
LukOil Weekly Review
Few days ago, look oil bounced off from the zone 4311.8, headed slightly to the upperside, as it is right now, I expect a possible continuation of the last impulsive wave 5 to the upperside and will see the price break and close above 4972.4 and will likely extend much higher. On the otherside, should the price break below the same zone, then we will be looking for a possible rally to the lowerside with the next ideal target set at 3509.8.
We’re buyers towards 4972.4.