#Brent weekly
Technical observation
On the chart above #Brent declined to the supportive zone 79.06-76.71 but could not break below it, instead it bounced within the same zone then rose with a big green candle. As long as price is sustained above the zone I have mentioned above I expect the value of #Brent to rally further 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 126.21 and stop-loss at 64.28. Should there be a clear break above the level 126.21, I expect a possible rally to the upper side. I can only recommend short positions below the zone 79.06-76.71.
Trade recommendation
Remain long with your take profit at 126.21.
#HSI weekly
Technical observation
#HSI retraced to the resistance zone 22455-22169 but did not bounce within it, instead it rose above the same zone and last week it closed bullish. This week I expect either continuation of this upwards movement or a surge towards the just broken zone, in case of a rally to the upper side, I recommend that you remain neutral and wait for a correction to the zone I have mentioned above to pick bullish positions with your take profit at 30210 and stop-loss at 19332. In case #HSI is not sustained above the zone 22455-22169 but breaks below it again, wait for a correction to the same zone before you sell this index towards the supportive level 14752.
Trade recommendation
Remain flat.
Technical observation
#CAC40 has been trading with an increasing bullish bias since it bounced within the supportive zone 5768.4-5682.1 and currently it is trading slightly below the resistance level 7230.6. I expect a continuation of this upwards movement to the level I have mentioned above followed by either a rejection or a clear break above it. If you are currently holding bullish positions with #CAC40, remain in the trade and pick your profits at 7230.6, on the other hand if you are neutral with this index wait for a bounce at the level 7230.6 followed by a correction to the supportive zone 5768.4-5682.1 to buy #CAC40.
Trade recommendation
Remain long with your take profit at 7230.6.
