FreshForex - Analytics

FreshForex

596.00 7.75/10
63% of positive reviews
Real

Weekly Review. S&P 500, Brent, Gold

S&P500

 

Monthly: tendency does not change - we expect a retest of the upper Bollinger band (2169.5) and downward reversal. Weak ADX parameters convey relatively weak movement in the last month.

 

 

Weekly: confirm resistance 2169.5 (upper Bollinger band). Support - 2040.3 (middle band).

 

 

The daily chart: flat horizontal range 2040.3-2119.7

 

 

Expectations: flat 2040.3-2119.7

 

solutions: trade in both directions in the corridor 2040.3-2119.7

 

"Brent"

 

Monthly another fall of the bottom Bollinger band, now to 25.11 (!!!) Such ambitious targets recently were unimaginable. And now this is the relevant scenraio.

 

 

Weekly: 41.89 local support (bottom Bollinger band) would have to bear the pressure. This is evidenced by ADX located in the core of activity. No purchases of oil (if you are not an intraday scalper).

 

 

The daily chart: Another support 42.65 -  you can not consider it to be reliable.

 

 

Expectations: breakthrough of support 42.65, 41.89, and an attempt to test 40.00 dollars per barrel.

 

solutions: sales to 40.00 (in the medium-term and hold to 25.11)

 

Gold

 

Monthly upward correction after the attempt to break up the bottom Bollinger envelope. Technically, & nbsp; the correction will be possible until 1194.01 (middle Bollinger band), but danger of a new fall will present all the time.

 

 

Weekly: significant bullish convergence of oscillator. We are waiting for a correction to at least the middle Bollinger band (1119.70)

 

 

The daily chart: we also see convergence. Another resistance is located in the zone of the upper Bollinger band (1102.21)

 

 

Expectations:
 

 

The main scenario - growth to 1194.70

 

The alternative scenario on a failure to break above 1102.21 - roll back down to 1079.52

 

solutions: to buy to 1102.21, 1194.70

 

S&P500

 

Monthly: tendency does not change - we expect a retest of the upper Bollinger band (2169.5) and downward reversal. Weak ADX parameters convey relatively weak movement in the last month.

 

 

Weekly: confirm resistance 2169.5 (upper Bollinger band). Support - 2040.3 (middle band).

 

 

The daily chart: flat horizontal range 2040.3-2119.7

 

 

Expectations: flat 2040.3-2119.7

 

solutions: trade in both directions in the corridor 2040.3-2119.7

 

"Brent"

 

Monthly another fall of the bottom Bollinger band, now to 25.11 (!!!) Such ambitious targets recently were unimaginable. And now this is the relevant scenraio.

 

 

Weekly: 41.89 local support (bottom Bollinger band) would have to bear the pressure. This is evidenced by ADX located in the core of activity. No purchases of oil (if you are not an intraday scalper).

 

 

The daily chart: Another support 42.65 -  you can not consider it to be reliable.

 

 

Expectations: breakthrough of support 42.65, 41.89, and an attempt to test 40.00 dollars per barrel.

 

solutions: sales to 40.00 (in the medium-term and hold to 25.11)

 

Gold

 

Monthly upward correction after the attempt to break up the bottom Bollinger envelope. Technically, & nbsp; the correction will be possible until 1194.01 (middle Bollinger band), but danger of a new fall will present all the time.

 

 

Weekly: significant bullish convergence of oscillator. We are waiting for a correction to at least the middle Bollinger band (1119.70)

 

 

The daily chart: we also see convergence. Another resistance is located in the zone of the upper Bollinger band (1102.21)

 

 

Expectations:
 

The main scenario - growth to 1194.70

The alternative scenario on a failure to break above 1102.21 - roll back down to 1079.52

solutions: to buy to 1102.21, 1194.70



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree