As we can see in the H4 chart, after rebounding from 8/8 again, Brent is expected to resume falling towards the support at 7/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at 1/8.
In the M15 chart, the asset may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.
S&P 500
In the H4 chart, the Index is moving above 5/8. In this case, the price is expected to rebound from 6/8 and then resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the support at 5/8.
As we can see in the M15 chart, the asset has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 7/8 from the H4 chart.
