Weekly report on Brent, Gold and S&P500

25 May, 2015

S&P500

Monthly chart: Situation remains the same: the price has the tendency to hit 2200.1 and with a high probability, to receive a middle-term downward correction. By little, bulls are taking hook, whereas bears are shotting their guns. 

Weekly chart: ADX is weak so we don't expect the index above the upper Bollinger band (2153.8). Support is based in the area of the middle band (2070.0)

Day chart: Flat area has been shaped even better within 2112.1-2139.7.

Expectations:  Flat within 2112.1-2139.7

Trading decisions: 1) Sales from 2139.7 to 2112.1 .

"Brent" oil

Monthly chart: We're still keeping sales open expecting decline in the middle run to 48.11.

Weekly chart: A possible alternative scenario is the breakthrough to new levels, wrecking of bears' stops and growth of quotations in the direction to 92.36

Day chart: The coming week may bring trading within Bollinger envelopes (64.29-68.25) 

Expectations: General target is decline, but this week support 64.29 may again give a reason for pullback to 68.25. However, from this point we can consider sales again.

Trading decisions: 1) We're keeping sales open. 2) If there is a pullback to 68.25, we shall be added on the lower level.

Gold

If trades will work based on Stops, we will take a pause before the next week.

Monthly chart: Flat is in the range of the bottom envelope. Since the range is very narrow, we will switch to younger charts.

Weekly chart: Flat range is 1135.46-1287.33

Day chart: Flat is better shaped here 1172.79-1229.46

Expectations: Flat is in the range1172.79-1229.46

Trading decisions: 1) Trading in the channel 1172.79-1229.46 in both sides.


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Range 1.5586-1.5651

Daily chart: the pair continues to be a wide flat range within the envelope Bollinger (1.5417-1.5711). Expectations: touching zone 1.5586 and rising to 1.5651...

We do not expect much volatility today

The daily chart: it is likely that flat status of ADX forecast to the Pound the day with a low volatility. We expect a calm trading around the middle Bollinger band (1.56)...

Flat day

Daily chart flat state of ADX and Bollinger envelopes say that the pair will spend the day (and the nearest time) within the present range: the upper envelope (123.39-125.17)...


Target is at 125.17

Daily chart: the upper Bollinger band rose even higher - at 125.17 and now this mark is an actual target for growth. So, we wait for growth to 125.17, but in the area of 124.47 we can probably meet turbulence and a possible rollback...

We shall buy to 125.09

Daily chart: the pair has predictably broken Inside bar up and now is moving to the upper Bollinger band (125.09) (125.09)...

Looking for short signals from resistance 1.1140 or 1.1224

Daily chart: the Euro preserves a growing tendency and continues to rise to the upper Bollinger band (1.1224), which, given the state of ADX, is likely to be corrected downwards to the middle band (1.10)...


Weekly review: gold, S&P500, Brent oil

Monthly chart: scenario of reversal is justifying itself. Northern marks are still achievable, but the bullish momentum has depleted to a notable extent...

Support is possible around 1.0789

Daily chart: Euro is still forced down. Currently the target is 1.0789 (the bottom Bollinger band). Somewhere you meet a significant support for a correction and as a result new sales area to move on trend...

Weekly review of S&P500 index, oil and gold

Monthly chart: bulls bolted off to work on the upper Bollinger band (2190.6), but ADX is persistent in its decline, so we are waiting for a downward reversal...

  


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