Weekly review: S&P500, Brent, Gold | 29 January 2016


S&P500


Monthly : so the price has successfully reached the bottom Bollinger band and has broken a new Low, confirming the trend reversal. ADX has not yet turned around and did not reach the trend value, so a rollback to the middle Bollinger band (2005.9) is possible, and then a new phase of decline will begin.


Weekly review: S&P500, Brent, Gold


Weekly: strong support in the area of ​​the bottom band (1866.6). We reaffirm our focus on the middle band (2005.9)


Weekly review: S&P500, Brent, Gold


daily: more localized resistance in the area of ​​1964.8 (middle Bollinger Band). With high probability, from there we will see the movement to the bottom band (1814.8)


Weekly review: S&P500, Brent, Gold


Expectations: correction up to 1964.8 and then decline to 1814.8


solutions:


1)Buy to 1964.8


2)Sales from 1964.8 to 1814.8


Brent


Monthly: in spite of the substantial upward correction at the end of the last week, oil keeps the focus to the medium-term objective 20.60 (the bottom Bollinger Band)


Weekly review: S&P500, Brent, Gold


Weekly: maximum height of correction - 43.70 (middle Bollinger Band). But meanwhile it is difficult to imagine reaching such a level, so we shall be careful with their purchases


Weekly review: S&P500, Brent, Gold


daily: intermediate resistance 33.69 (middle Bollinger Band). Brent may fall from the zone to the bottom band (27.04)


Weekly review: S&P500, Brent, Gold


Expectations: touch of 33.69 and then drop to 27.04


solutions: sales from 33.69 to 27.05


Gold


Monthly: an upward correction has started toward the middle Bollinger band (1194.01), from where bears again will try to lower prices to the area 1040.34 (bottom band)


Weekly review: S&P500, Brent, Gold


Weekly: intermediate resistance 1106.72 (middle Bollinger Band) are under load on the background of convergence of bullish oscillator, therefore we believe in a further growth to 1194.01


Weekly review: S&P500, Brent, Gold


daily: in the next week the gold can be in the range of the upper Bollinger envelope (1084.59-1106.72)


Weekly review: S&P500, Brent, Gold


Expectations: drop to 1084.59 and then fligh to 1106.72


solutions: buy from 1084.59 to 1106.72


Aleksey Panasenko
FreshForex Analyst
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