S&P500, oil and platinum. Weekly review
Monthly chart: Trend's "fatigue" is obvious. The upper Bollinger band meanwhile points to 2062.8, but determination to the middle one (1716.5) dominates.
Weekly chart: support from the middle band is still being worked out, but a probable touch of the upper band (2003,9) is a probable scenario.
Day chart: a local bearish Over&Under with the entry points for sales from 1984.5 is seen here.
Conclusion: growth to 1984.5 and dropdown to1981. Alternatively, it can grow to 2003.
Monthly chart: a stable trading within the corridor 101.28-115.44 continues.
Weekly chart: a slightly more concentrated resistance 113.20, but the corridor is still horizontal.
Day chart: a slight oscillator's convergence is witnessed by us. It confirms that there is no potential for a further lowering. Support is at 104.37
Conclusion: touch of 104.37 and a gradual growth to 113.37.
Monthly chart: the flat within the range 1305.81-1638.60 is taking place.
Weekly chart: an even more narrow flat 1406.77-1508.06
Day chart: here bears preserved the potential for lowering to 1406.72 from resistance 1479.74 (the middle Bollinger band)
Conclusion: touch of the area 1479.74 and decline to 1406.72
Aleksey PanasenkoAnalyst of «FreshForex» company
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