Weekly analytics- Forex Technical Analysis: Trend potential – Sell Brent now

Brent weekly

Sell Brent now

Technical observation

For the past two weeks, Brent retraced to the resistance zone 80.61-78.85, it could not penetrate above it and was rejected, currently it is within it and is moving on a bearish bias. I expect a rally towards the support 61.32 followed by possible breach below it for a further decline in Brent towards 44.48.Short Brent now within 80.61-78.85 with your take profit at 61.32 and stop loss slightly above 80.61.Should there be a clear breakout above 80.16-78.85 with a big green candle, wait for a correction to it confirming possible bullish momentum of Brent before you pick long positions towards 103.30.

Trade signal

Short Brent now within 80.61-78.85.

                #NIKKEI weekly

Sell Brent now

Technical observation

After breaking above a resistance zone 22912-22680, #NIKKEI rallied up towards a resistance 24178, it was rejected and so could not penetrate above it. Currently it is pulling back to the just broken zone and I expect a rejection of it at the zone for possible bullish momentum towards 24178 and a possible breakout above it for a further rise. Wait for the correction to 22912-22680 and a rejection within it then pick long positions within it with your ideal target at 24178 and stop loss slightly below 22680.Should there be  a breakout above 24178 with a big green candle, wait for  a correction to it before you continue long.

Trade signal

Wait for a correction to 22912-22680 to buy #NIKKEI.

                   #WTI weekly

Sell Brent now

Technical observation

Light sweet crude oil is trading between the supportive zone 64.18-61.94 and a resistance line 76.80,I expect  arise towards 76.80 and  a possible breakout above it with  a big green candle followed by  a correction it for possible bullish momentum towards 93.12.In case there is  a rejection at 76.80,wait for the correction to 64.18-61.94 then re-buy #WTI within it with your take profit still at 76.80 and stop loss slightly below 61.94.Should there be  a breakout above the resistance line 76.80,wait for  a correction to it to confirm bullish momentum then pick long positions at it with your take profit at 93.12.

Trade signal

Wait for a breakout above 76.80.

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Sell Brent now

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