Weekly review of S&P500, oil and gold

July 13, 2015

Monthly chart: Together with the oscillator, the price is moving upwards as ADX is falling. It means that index will reverse downwards at least to the middle Bollinger band (1964.1) – not above the upper Bollinger band (2182.0).

Weekly chart:: even better shaped resistance on 2132.3 (the upper Bollinger band ), support is on 2052.6 (the bottom band). ADX is growing, but meanwhile in the "weak" area, so we are waiting fluctuations of the price within the envelopes.

Day chart:: even better shaped resistance on 2091.8 (the middle Bollinger band). Target of a probable local decline is the bottom band (2043.5)

Expectations: growth to 2091.8 and then decline to 2043.5

Trading decisions

1) Sales from 2091.8 ê 2043.5

"Brent" oil

Monthly chart: scenario is not changing, bears are breaking through in the direction of the bottom Bollinger band (43.28)

Weekly chart::a pullback is possible in the direction of the middle Bollinger band (62.66), from where we can once again add Sell position.

Day chart:: we confirm resistance on 62.66 and target 54.26

Expectations: 1) Growth to 62.66 and then decline to 54.26. 2) Direct decline to 54.26.

Trading decisions:

1) We keep sales open

2) If the price grows to 62.66, we shall add a position.


Monthly chart:bears' pressure is getting stronger. Key support is 1119.03 and it allows to preserve flat.

Weekly chart: As long as ADX is passive, support from the bottom Bollinger band (1148.52) is keeping gold from decline. Correction is possible up to the upper band (1236.44)

Day chart: We've got ADX/RSI, so resistance 1174.73 (the middle Bollinger band ) can be hit

Expectations: growth to 1174.73 and decline to1148.52

Trading decisions:

1) Sales from 1174.73 to 1148.52

Publication source
FreshForex information  FreshForex reviews

January 16, 2017
Surging equities at risk ahead of earnings season
While earnings season has started on a very positive footing, however, banks and other financial companies were already expected to shine more than others due to rising interest rate expectations. As non-financial companies begin to report in the coming weeks...
January 16, 2017
Oil prices were unmoved
After reaching 56.50 dollars per barrel Brent rolled back to 55.50. The benchmark started Friday in a consolidation. Brent extended its sideways trades during the European session. The “black gold” was range-bound-to lower during the day...
January 16, 2017
XAUUSD at major resistance, time to sell
We turn bearish below 1198 resistance (Fibonacci retracement, horizontal resistance) as we prepare to see a strong move down to 1176 support (Fibonacci retracement, recent swing low support, Fibonacci projection)...

Fort Financial Services Rating
OctaFX Rating
FXCM Rating
Vantage FX Rating
FBS Rating

365BinaryOption Rating
OptionsXO Rating
OptionBit Rating
OptionRally Rating
TropicalTrade Rating
OptionFair Rating