LUKOIL 30M SHORT: Max Profit
LKOH shares are trading near a key resistance level of 7,076.5 RUB, showing potential signs of a reversal after multiple failed attempts to break higher. The price is currently around 7,022.0 RUB, and the consolidation between key levels suggests a possible setup for a significant move.🔑 Support Levels:
6,771.0 RUB (strong support zone, tested multiple times)
6,720.0 RUB (potential target if a breakdown occurs)
6,650.0 RUB (longer-term support target in case of increased selling pressure)
🚩 Resistance Levels:
7,076.5 RUB (current strong resistance)
7,100.0 RUB (potential fake-out level before further decline)
💡 Forecast: The price has entered a consolidation phase between these levels, suggesting a setup for a potential impulse move. A short position from the 6,771.0 RUB support level could be considered, with a stop loss at 6,773.0 RUB to limit risks. The target of this move is expected around 6,720.0 RUB, assuming a successful breakdown of the support level. Watch for a possible fake-out above the 7,076.5 RUB resistance before a decline towards the support, indicating a trap for aggressive buyers.
📉 Recommendations:
Consider shorting from 6,771.0 RUB with a stop loss at 6,773.0 RUB.
If resistance near 7,076.5 RUB is tested but fails, it may be a signal to enter a short position targeting the key support levels.
Be prepared for a sharp impulse move as the price tests the lower boundary of its consolidation zone.
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