Weekly report on Brent, Gold and S&P500

May 25, 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.

Publication source
FreshForex information  FreshForex reviews

January 18, 2017
Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
January 18, 2017
Fed speakers, BoC and UK employment
We are going to see some central bank action (Canada) and hear from some Fed members and the chairwoman today. Apart from that we will get more information on the UK labor market and a data package from the US, including CPI for December and industrial output...
January 18, 2017
Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...

 FXTM Rating
FIBO Group Rating
FxPro Rating
HotForex Rating
Tickmill Rating
FBS Rating

Beeoptions Rating
IQ Option Rating
OptionRally Rating
Banc De Binary Rating
24option Rating
EZTrader Rating