Monthly chart: an issue "Where is the S&P's highest?" remains on the agenda. There are no answers yet. The only thing we can say is that bullish intentions are not supported by ADX, it increases the possibility of reversal to the downside.
Weekly chart: there might be resistance at 2294.1 (upper Bollinger band). ADX is corrective. As a rule, in such situations the price is not likely to go higher than upper band. Support level is around middle Bollinger band (2192.3)
Daily chart: more localized resistance level is at 2282.3. Two supports are at 2264.9 and 2247.3 (middle and lower Bollinger bands)
Core scenario - touching in 2294.1 and later drop to 2264.9 and 2247.3
Alternative scenario - bounce to the downside from more localized level (2282.3)
Solutions: consider looking for downward entries on one of the resistance levels (2282.3 and 2294.1)
Monthly chart: flat with up move potential around middle Bollinger band (51.71) continues. Bulls have all the positional possibilities for a shift to 66.84 (upper Bollinger band).
Weekly chart: we are observing an active ADX. The price is trapped inside upper Bollinger envelope range (51.71-58.779). Considering general upward movement Brent quotes are likely to rise further from 51.71 with possible break higher than 59.00 (in mid terms)
Daily chart: oscillator has signs of divergence and previous week was closed with a nice bearish inside bar. That is a good reason for selling towards 51.71.
Expectations: decline from the current levels towards 51.71
Solutions: consider selling towards 51.71
Monthly chart: ADX is in active trend state and we can observe activated local bullish Over&Under.
Weekly chart: here we can see that Over&Under pattern mentioned above is not technically perfect yet from the point of view of testing entry point (it is inside penultimate low range of 1078.70). Potential gold demand is also possible around lower Bollinger band (1105.53) and it is also not tested yet. So one might expect another down move from resistance level of 1243.56 (middle Bollinger band)
Daily chart: there is local bullish trend potential, that matches the scenario of testing 1243.56 level.
Expectations: we would expect rise towards 1243.56 and later decline towards 1105.53
1. Consider buying towards 1243.56
2. Consider selling from 1243.56 to 1105.53