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

June 15, 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

Publication source
FreshForex information  FreshForex reviews

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