Weekly Review. S&P500, Gold, Brent | 18 December 2015


S&P500


Monthly: justified scenario of correction, ADX is inactive, but in general - a further decline to 1906.2 is possible (the bottom Bollinger band)


Weekly Review. S&P500, Gold, Brent


Weekly: the same scenario. The index is already in the bottom envelope, so virtually the only way for it is the bottom band (1906.2)


Weekly Review. S&P500, Gold, Brent


The daily chart: here ADX has trending parameters, so we expect a continued bearish trend.


Weekly Review. S&P500, Gold, Brent


Expectations: decline to 1906.2


Trading solutions: sales to 1906.2


Brent


Monthly: the bottom Bollinger band dropped by 50 cents and now points to 24.54. Oil looks absolutely doomed to fall.


Weekly Review. S&P500, Gold, Brent


Weekly: another break of the bottom envelope, growing ADX and psychologically significant move under 40.00. Direction - only down.


Weekly Review. S&P500, Gold, Brent


The daily chart: also broken bottom Bollinger envelope. I was able to further increase the short-pyramid on Brent. A small pullback is possible, but no purchases.


Weekly Review. S&P500, Gold, Brent


Expectations: Oil is falling towards 24.54, intermediate goals are very difficult to predict. Therefore, if you have enough patience, you should keep sell orders as long as possible.


Trading solutions: we keep selling to the medium-term target 24.54 and will add positions downward in the event of an upward rollback this week.


Gold


Monthly: ADX increases pressure, so we expect beginning of a new decline.


Weekly Review. S&P500, Gold, Brent


Weekly: support at 1153.80 is difficult. But we also see active ADX, therefore it is very likely that bears will try to push the gold lower.


Weekly Review. S&P500, Gold, Brent


The daily chart: flat horizontal corridor 1056.44-1088.42. Possibly, this week the price remains within this range, because ADX is not ready.


Weekly Review. S&P500, Gold, Brent


Expectations: flat in the corridor 1056.44-1088.42 as a preparation for a downside breakout.


Trading solutions: sell on any signal in the area of 1088.42.


Aleksey Panasenko
FreshForex Analyst
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