Weekly review of S&P500, oil, gold

June 23, 2015

S&P500

Monthly chart: As we see, the index has been moving upward with a notable acceleration, so the last trend line is helpful for forecasting. Any correction towards the middle Bollinger band (1953.9) contains potential for a downward reversal. Meanwhile, the upper Bollinger band (2196.1) is not the line where the price follows .

Weekly chart: a better-shaped resistance at 2147.2 (the upper Bollinger band ). Waiting for decline from there down to 2025.9 (the middle band).

Day chart: flat 2076.8-2135.8

Expectations: growth to 2135.8-2147.2 will continue and correction will start to 2025.9

Trading decisions:

1) Waiting for sell signals in 2135.8-2147.2 with the target 2025.9

Brent

Monthly chart: scenario remains unchanged – decline to the bottom Bollinger band (45.68).

Weekly chart: two rather strong support lines on the way - the middle (61.08) and the bottom (51.14) Bollinger bands .

Day chart: flat along with the passive ADX — waiting for trading inside 61.08-64.50 with South potential preserved.

Expectations: growth to the area 64.50 and a new decline to 61.08with an attempt to break lower.

Trading decisions:

1) Keeping sales.

2) New salesmen can look for chances in the area 64.50.

Gold

Monthly chart: gold is still inside the bottom Bollinger envelope and this tendency seems to continue.

Weekly chart: flat inside a wide channel 1142.23-1273.18.

Day chart : also flat 1168.33-1208.37. Besides, inside bar from the upper Bollinger band has been received, so the point 1168.33 can be achieved with a high probability.

Expectations: decline to 1168.33 and bounce up.

Trading decisions:

1) Sell to 1168.33

Publication source
FreshForex information  FreshForex reviews

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