Weekly Review - S&P 500, Brent, Gold
Monthly: apparently, the bar will be closed inside the current range (the bottom Bollinger envelope, 1829.4-1993.4)
The Weekly chart: we confirm the corridor 1829.4-1993.4.
The daily chart: the coming week, the index is likely to be better focused in the upper envelope (1891.2-1948.6)
Expectations: flat 1891.2-1948.6
Trading plan: trading inside the specified range.
Monthly: the overall decline has slowed down, but in the whole the price still focuses on the bottom Bollinger band(18.47)
Weekly: Meanwhile, the oil is squeezed within the bottom envelope (27.89-41.15)
The daily chart: strong support is on the middle (33.29) and the bottom bands (29.85) with a noticeable Northern tieback.
Trading plan: Touch of the area 29.85 and new correction towards 36.67
Expectations: Buy from 29.85 to 36.67
Monthly: we expect touch of the upper Bollinger band (1322.62) and then a downward correction, because ADX parameters are turned away from the upward trend.
Weekly: we also confirm determination for 1322.82
The daily chart: the goal inside week is the upper Bollinger band (1260.55)
Expectations: Growth to 1260.55
Trading plan: Buy to 1260.55
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us