#CAC40 weekly
Technical observation
Since it bounced within the supportive zone 5760.3-5676.6, #CAC40 has been trading with an increasing bullish bias and this week I expect a continuation of this upwards movement. If you are currently holding bullish positions with the commodity above, I recommend that you remain in the trade with your take profit at 7215.9 and stop-loss at 5196.5. Should there be a clear break above the level 7215.9 with a big green candle, I expect the value of this company’s shares to ascend further after a correction to the broken line. On the weekly chart above, I can only recommend short positions in case of a clear penetration below the zone 5760.3-5676.6.
Trade recommendation
Remain long with your take profit at 7215.9.
#Brent weekly
Technical observation
For the past three consecutive weeks #Brent has been trading with an increasing bearish bias and currently it is trading bearish within the supportive zone 87.60-84.85. My expectation is either a loss of this downwards movement or a clear break below the zone mentioned above with a big red candle. You can place bullish order now within the zone indicated above with your take profit at 126.20 and stop-loss at 69.65. In case of a break above the level 126.20, continue long after a correction to it, however, if there is a clear break below the zone 87.60-84.85, wait for a correction and a rejection within the same zone before you pick short positions.
Trade recommendation
Buy #Brent now within 87.60-84.85 your take profit at 126.20.
#Gold weekly
Technical observation
The value of the commodity on the weekly chart above is trading with an increasing bullish bias above the supportive zone it established at 1660.20-1642.17 and this week I expect a possible further rally to the upper side. If you are currently holding bullish positions with this commodity, I recommend that you remain in the trade with your take profit at 2037.38 and stop-loss at 1530.38. If there is a clear break above the level 2037.38 with a big green candle, wait for a correction and a rejection at this broken lone before you continue long with Gold. As it is on the chart above, I can only recommend short positions in case of a break below the zone 1660.20-1642.17.
Trade recommendation
Remain long with your take profit at 2037.38.
