Gold, oil and S&P500 this week

June 1, 2015

S&P500

Monthly chart: we still wait when the index will reverse to correction. Marginal area is represented by the upper Bollinger band (2197.7).

Weekly chart: a local flat corridor within the range 2007.8-2150.2

Day chart: even a better shaped flat area 2078.7-2142.6

Expectations: flat position within the range 2078.7-2142.6

Trading decisions:

1) Trading in both sides within the channel 2078.7-2142.6

"Brent" oil

Monthly chart: To be based on general bearish scenario, bears could be more persuasive. But meanwhile Southern scenario is not broken, we wait 48 USD per barrel in the middle run.

Weekly chart: Here bulls claim for reversal. For that, a new High has to be reached. Until it is reached, decline continues.

Day chart: key resistance is based at 68.98. Any movement above means that bullish potential starts to work here and threat of failure of a Southern scenario.

Expectations: Until Brent is traded below 68.98, we wait for decline down to 48.00 in the middle term. If there is a break above 67.00, a new Northern impulse may occur.

Trading decisions:

1) We keep sales open to 48.00

Gold

Monthly chart: Flat structure is still here.

Weekly chart: Gold in the bottom envelope with support at 1144.62

Day chart: a bullish pin has been received but place of emergence is controversial. Nevertheless, we are based from the possibility of growth to upper Bollinger band 1226.24

Expectations: Growth to 1224.26

Trading decisions:

1)We buy to 1224.26

Aleksey Panasenko

Analyst of «FreshForex» company

Publication source
FreshForex information  FreshForex reviews

February 27, 2017
Black gold slightly declined amid the crude inventories report
The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...
February 27, 2017
Markets turn focus towards Trump address to Congress
On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...
February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...

Vantage FX Rating
Grand Capital Rating
Exness Rating
Tickmill Rating
Fort Financial Services Rating
 FXTM Rating

OptionRally Rating
GTOptions Rating
First Binary Option Service Rating
Empire Option Rating
OptionFair Rating
99Binary Rating