Weekly analytics- Forex Technical Analysis: Trend potential – Buy Gazprom within 136.48-134.98

Gazprom weekly

Buy Gazprom within 136.48-134.98

Technical observation

Last week, Gazprom declined steadily towards the key support zone 136.48-134.98, It could not penetrate below it and was rejected. I expect bullish momentum of Gazprom from within 136.48-134.98 towards the resistance 157.77 and a break above it for a further rise .You can long Gazprom within 136.48-134.98 with your take profit at 157.77 and stop loss slightly below 134.98.In case of a breach below 136.98,wait for a  correction to it to confirm bearish movements of Gazprom before you short it towards 115.77.Right now only long positions look ideal and  can be recommended don the chart a above.

Trade signal

Long Gazprom within 136.48-134.98 with your take profit at 157.77 and stop loss slightly below 134.98.

          Brent weekly

Buy Gazprom within 136.48-134.98

Technical observation

Brent is still rallying down towards the support 61.32 and I expect a rejection of it at the support level or around it followed by a correction to the resistance zone 80.61-78.85 and a rejection of it within the zone for possible bearish movements towards 61.32.In case it rallies down and there’s a clear breach below 61.32 with a big red candle, wait for a pullback to the just broken line to confirm downwards movement of Brent before you enter short positions. Right now wait for a correction to 80.61-78.85 then short Brent within it with your take profit at 61.32 and stop loss slightly above 80.61.

Trade signal

Wait for a correction to 80.61-78.85 to short Brent.

Platinum weekly

Buy Gazprom within 136.48-134.98

Technical observation

Instead of pulling back to the broken line 885.02,last week platinum went down towards the support 753.96.Currently it is still rallying down but I expect a correction towards the line885.02 and rejection within or a round it for bearish movement of price towards  753.96.You can remain flat right now and wait for the correction to 885.02 then short Platinum at it with your take profit at 753.96 and stop loss slightly above 885.02,If it does not correct to 885.02 and instead breaks below 753.96 with a big red candle, wait for  a correction to it to confirm downwards movement of price before you short the pair.

Trade signal

Remain flat.

Do you know against which currencies CFD is the most profitable?

Buy Gazprom within 136.48-134.98

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