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Weekly Review - S&P 500, Brent, Gold


S&P500


Monthly: apparently, the bar will be closed inside the current range (the bottom Bollinger envelope, 1829.4-1993.4)


Weekly Review - S&P 500, Brent, Gold


The Weekly chart: we confirm the corridor 1829.4-1993.4.


Weekly Review - S&P 500, Brent, Gold


The daily chart: the coming week, the index is likely to be better focused in the upper envelope (1891.2-1948.6)


Weekly Review - S&P 500, Brent, Gold


Expectations: flat 1891.2-1948.6


Trading plan:  trading inside the specified range.


Brent


Monthly: the overall decline has slowed down, but in the whole the price still focuses on the bottom Bollinger band(18.47)


Weekly Review - S&P 500, Brent, Gold


Weekly: Meanwhile, the oil is squeezed within the bottom envelope (27.89-41.15)


Weekly Review - S&P 500, Brent, Gold


The daily chart: strong support is on the middle (33.29) and the bottom bands (29.85) with a noticeable Northern tieback.


Weekly Review - S&P 500, Brent, Gold


Trading plan:  Touch of the area 29.85 and new correction towards 36.67


Expectations: Buy from 29.85 to 36.67


Gold


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 Review - S&P 500, Brent, Gold


Weekly: we also confirm determination for 1322.82


Weekly Review - S&P 500, Brent, Gold


The daily chart: the goal inside week is the upper Bollinger band (1260.55)


Weekly Review - S&P 500, Brent, Gold


Expectations: Growth to 1260.55


Trading plan: Buy to 1260.55


Aleksey Panasenko
FreshForex Analyst
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