Weekly review: S&P500, oil, gold

July 6, 2015

S&P500

Monthly chart: quite well shaped bearish bar has justified our expectations for June regarding downward reversal of the index. The nearest middle-term target is 1964.1 (the middle Bollinger band)

Weekly chart:: support from the bottom Bollinger band (2047.9) is still refraining bears ADX. It remains the probability of a new slight bounce up, whereupon we would not be able to avoid a new decline to 1964.1.

Daily chart:: dense area of support 2047.9-2057.0 is able to refrain the price from decline for a certain time, but we cannot discuss purchases.

Expectations: here is a certain fight in the area 2047.9-2057.0 and then a new decline to 1964.1

Trading decisions:

1) Sales on new local upward movement, target is 1964.1

Brent Oil

Monthly chart: the bottom Bollinger band received even a bigger decline and now points at 43.28, which is the middle-term target.

Weekly chart:: nearest target is 54.29 ( the bottom Bollinger band)

Day chart: standard breakthrough of the bottom envelope! We shall wait for a return to the middle band (63.41) and will again add Sell to 43.28

Expectations: decline to 54.29. A preliminary pullback to 63.41 is possible.

Trading decisions:

1) We keep sales open to 43.28

2) We shall open new sales to 63.41.

Gold

Monthly chart: all review indicators are still in a flat position, though preparation to movement is also seen.

Weekly chart: Bollinger bands are getting narrow thereby anticipating an impulse movement but ADX is now passive. Range 1156.40-1236.44

Daily chart:the bottom Bollinger band has withstood an attack and now bulls may avail from this situation to move the price to the middle Bollinger band (1178.99)and probably to the upper one (1200.00)

Expectations: growth to 1178.99.

Trading decisions:

1) We may buy to 1178.99.

Publication source
FreshForex information  FreshForex reviews

September 28, 2016
Asian shares traded in green as Europe slowly plunges
US Dollar can't get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility...
September 28, 2016
Sagging Fed expectations
As discussed yesterday, markets will increasingly obsess about the US election over the coming few weeks, but beneath that the economy will determine if the Fed hikes interest rates before the year is out...
September 28, 2016
Market volatility on a comeback
Financial markets may experience extreme levels of volatility in the coming weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave investors on edge...

Orbex Rating
Tickmill Rating
FXTM Rating
HYCM Rating
FIBO Group Rating
FxPro Rating

IQ Option Rating
Anyoption Rating
OptionsXO Rating
TopOption Rating
Porter Finance Rating
Grand Option Rating