Weekly review of S&P500, oil, gold

23 June, 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


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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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