The commodity on the weekly chart above is correcting to the resistance zone 5009.5-4966.0, my expectation is a bounce of it within the zone for possible bearish price rally towards the support level marked at 4547.8. You can remain flat temporarily and wait for the correction and a rejection within 5009.5-4966.0 to sell #CAC40 with your take profit at 4547.8 and stop loss at 5169.5.Should there be a clear penetration below 4547.8 with a big red candle then more bearish momentum will be anticipate towards the lower support marked at 4002.4.Long positions may only be recommended in case of a clear penetration above 5009.5-4966.0
Remain flat temporarily.
#ESTX50 is rising steadily towards the resistance zone marked at 3272.2-3244.8, my expectation is a clear bounce within the above mentioned zone followed by possible bearish price rally towards the support 2907.9, my advice, remain flat and wait for the correction to 3272.2-3244.8 and a rejection within it to sell this commodity with your take profit at 2907.9 and stop loss at 3361.0.In case of a penetration below 2907.9, wait for a correction to it confirming further bearish momentum before to continue short .Long positions may only be recommended in case of a clear breakout above 3272.2-3244.8 with a big green candle and a correction to it.
#SP500, is rallying between a resistance zone 2824.7-2794.6 and a support 2398.5, my expectation is either a rise to 2824.7-2794.6 followed by a bounce within it to sell #SP500 with my take profit at 2398.5 or a decline to 2398.5 followed by a breakout below it and a correction for bearish momentum. You can remain flat for now and wait for either of the circumstances mentioned above to trade this commodity. Should there be a clear breakout above 2824.7-2794.6 with a big green candle then bullish momentum may be anticipated. Right now only short positions look ideal and may be advisable for the commodity on the weekly chart above.
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