Weekly review of S&P500, oil, gold | 26 June 2015


S&P500


Monthly chart: As we see, the index has been moving upward with a notable acceleration, so the last trend line is helpful for forecasting. Any correction towards the middle Bollinger band (1953.9) contains potential for a downward reversal. Meanwhile, the upper Bollinger band (2196.1) is not the line where the price follows .


Weekly review of S&P500, oil, gold


Weekly chart: a better-shaped resistance at 2147.2 (the upper Bollinger band ). Waiting for decline from there down to 2025.9 (the middle band).


Weekly review of S&P500, oil, gold


Day chart: flat 2076.8-2135.8


Weekly review of S&P500, oil, gold


Expectations: growth to 2135.8-2147.2 will continue and correction will start to 2025.9


Trading decisions:


1) Waiting for sell signals in 2135.8-2147.2 with the target 2025.9


Brent


Monthly chart: scenario remains unchanged – decline to the bottom Bollinger band (45.68).


Weekly review of S&P500, oil, gold


Weekly chart: two rather strong support lines on the way - the middle (61.08) and the bottom (51.14) Bollinger bands .


Weekly review of S&P500, oil, gold


Day chart: flat along with the passive ADX — waiting for trading inside 61.08-64.50 with South potential preserved.


Weekly review of S&P500, oil, gold


Expectations: growth to the area 64.50 and a new decline to 61.08with an attempt to break lower.


Trading decisions:


1) Keeping sales.


2) New salesmen can look for chances in the area 64.50.


Gold


Monthly chart: gold is still inside the bottom Bollinger envelope and this tendency seems to continue.


Weekly review of S&P500, oil, gold


Weekly chart: flat inside a wide channel 1142.23-1273.18.


Weekly review of S&P500, oil, gold


Day chart : also flat 1168.33-1208.37. Besides, inside bar from the upper Bollinger band has been received, so the point 1168.33 can be achieved with a high probability.


Weekly review of S&P500, oil, gold


Expectations: decline to 1168.33 and bounce up.


Trading decisions:


1) Sell to 1168.33


Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:

Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .