Gazprom long positionWe hit our Historical trend line we waited the pullback now the price will go up
GZZ2016 trade ideas
IMPORTANT NEXT COMING WEEKS - GZ1! - GAZPROM - WEEKLYGZ1! - GAZPROM - WEEKLY
Gazprom price have at the end of last year reached its top price levels from 2007 - 2008.
It seems that it probably goes down every times it reaches that point.
After a long horizontally ranging price. we have seem a move up in the price.
From February the price started to decrease but it stays up in the channel, recovering to it up trending price.
It been few weeks that we have notices a slow down and the price is now evolving under the probable new up trending trend pictured by the green line.
Coming week are pictured with a light red zone and an eye for you be able to observe while the price is evolving in the square.
Probabilities are the bottom of the channel in the short direction and above the green line to keep going up in the long direction.
