Still a flat in the area of the bottom Bollinger band (1127.73)

15 June, 2015

S&P500

Monthly chart: Index has been traded inside May's range for the half of the month. The upper Bollinger band was rounded off in the area of 2186.2, so, soon after the end of current consolidation, we wait a downward reversal in July, theoretically, ceiling is on the upper band. Target of correction is the middle Bollinger band (1953.9)

Weekly chart: a well-shaped divergence but one more shift upwards is probable – to 2152.3 (the upper Bollinger band ).

Day chart: here we have an almost completed pullback to the middle line after a break of the bottom Bollinger envelope. All this can mean a direct downward movement to 2015.8.

Expectations: so, waiting for an attack of support 2078.6 and decline to 2015.8

Trading decisions:

1) We shall sell to 2015.8

"Brent" Oil

Monthly chart: the bottom Bollinger band still votes for a slump 45.68.

Weekly chart: a false upward breakthrough of Inside Bar has been received which speaks for bears. Passive ADX does not allow us to rely on impulse decline. But target is still the same - 45.68.

Day chart: attack of 62.41 and 60.46 support points and it will be performed for the whole week.

Expectations: Decline to 62.41 and 60.46

Trading decisions:

1) We keep sales to 62.41 and 60.46

Gold

Monthly chart: still a flat in the area of the bottom Bollinger band (1127.73)

Weekly chart: horizontal range 1127.73-1225.87

Day chart: a better shaped support at 1162.21. Possible growth - 1194.40 and 1209.12.

Expectations: expecting flat 1162.21-1194.40. Range is wide, so purchases from the bottom are preferred.

Trading decisions:

1) We shall look for signals to purchases in the area 1162.21


Source link  
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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