Weekly review: S&P500, oil, gold

6 July, 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.


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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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