Strategies for S&P500, Brent, Gold | 26 August 2016


S&P500


Monthly: everything looks like northern accumulation, but ADX is far from the trend zone, so the index may be delayed inside the upper Bollinger envelope (2062.8 - 2175.5)



Weekly: a similar situation here. The range is more localized: 2100.9 - 2203.2



Daily: a better shaped horizontal flat corridor 2157.8 - 2193.0



Expectations: flat 2157.8-2193.0


Solutions: Look for entries around 2157.8


"Brent"


Monthly: oil is being traded around the middle Bollinger band (51.72). ADX is weak, so it is likely, this trend will continue.



Weekly: local resistance 53.56 (upper Bollinger band); support is 46.80 (the middle band)



Daily: active trend status of ADX, so buyers can finalize zone around 53.56



Expectations: Growth to 53.56 followed by a decline to 51.00


Solutions:


1. Buy to 53.56


2. Sell from 53.56


Gold


Monthly: active trend status of ADX g allows bulls to rely on medium-term growth in the direction of 1562.59



Weekly: local resistance 1382.64 (upper Bollinger band). As we note the bearish divergence of the oscillator, we expect a rebound and fall to 1287.28 (middle band)



Daily: horizontal flat corridor inside Bollinger envelopes (1316.37-1365.41)



Expectations: Flat 1316.37-1365.41


Solutions: trading inside the range 1316.37 - 1365.41


Aleksey Panasenko
FreshForex Analyst
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