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Murrey Math Lines 21.01.2022 (Brent, S&P 500)

BRENT

In the H4 chart, after breaking 8/8, Brent is no longer trading within the “overbought area”. In this case, the price is expected to continue correcting downwards to reach the support at 7/8. However, this scenario may no longer be valid if the asset breaks 8/8 to the upside. After that, the instrument may grow towards the resistance at 1/8.

Murrey Math Lines 21.01.2022 BRENTH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

Murrey Math Lines 21.01.2022 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

In the H4 chart, the S&P Index is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 1/8 and then continue trading downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks 2/8 to the upside. After that, the instrument may grow towards the resistance at 3/8.

Murrey Math Lines 21.01.2022 S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline.

Murrey Math Lines 21.01.2022 S&P 500_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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