S&P500, Brent, Gold: weekly review | 01 January 2016


S&P500


Monthly: very little time remained before closing month bar, and it is clear that nothing extraordinary will happen here. We expect the index to be based within the same range.


S&P500, Brent, Gold: weekly review


Weekly: active bullish week, but we still expect strong resistance in the area of ​​2113.0 and a further flat within the current range.


S&P500, Brent, Gold: weekly review


daily: localized resistance at the middle Bollinger band (2065.5)


S&P500, Brent, Gold: weekly review


Expectations:


The main scenario - a downward oullback from the area 2065.5 to 2003.3


Alternative - a higher leap to the zone 2113.3.


solutions: refrain from trading.


Brent


Monthly: a medium-term diagnose for the oil remaines unchanged - falling at an average pace towards 24.54


S&P500, Brent, Gold: weekly review


Weekly: against the backdrop of bullish convergence price correction in the area of ​​the middle band (46.96) may take place, which, of course, will not change the overall scenario of further decline


S&P500, Brent, Gold: weekly review


daily: another resistance that can stop a corrective growth - is 40.48 (the middle Bollinger band)


S&P500, Brent, Gold: weekly review


Expectations:


The main scenario - correction to 40.48, and then a new phase of decline after the holidays, in the direction of 33.90


Alternative - substantial correction to 46.96 (if resistance 40.48 is broken)


solutions: looking for sale from one of the resistance lines.


Gold


Monthly:Gold is preparing for trending distribution, but it is likely that holidays will delay such a scenario.


S&P500, Brent, Gold: weekly review


Weekly: bullish convergence, therefore a correction to the middle Bollinger band (1114.72) may take place


S&P500, Brent, Gold: weekly review


daily: flat range 1052.35-1084.88


S&P500, Brent, Gold: weekly review


Expectations:


The main scenario - flat 1052.35-1084.88


Alternative - a more substantial correction to 1114.72.


solutions: we shall monitor Sell signals at the levels of 1084.88 and 1114.72. The goal - 1052.35


Aleksey Panasenko
FreshForex Analyst
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