Weekly review: S&P500, oil, gold | 10 July 2015


S&P500


Monthly chart: quite well shaped bearish bar has justified our expectations for June regarding downward reversal of the index. The nearest middle-term target is 1964.1 (the middle Bollinger band)


Weekly review: S&P500, oil, gold


Weekly chart:: support from the bottom Bollinger band (2047.9) is still refraining bears ADX. It remains the probability of a new slight bounce up, whereupon we would not be able to avoid a new decline to 1964.1.


Weekly review: S&P500, oil, gold


Daily chart:: dense area of support 2047.9-2057.0 is able to refrain the price from decline for a certain time, but we cannot discuss purchases.


Weekly review: S&P500, oil, gold


Expectations: here is a certain fight in the area 2047.9-2057.0 and then a new decline to 1964.1


Trading decisions:


1) Sales on new local upward movement, target is 1964.1


Brent Oil


Monthly chart: the bottom Bollinger band received even a bigger decline and now points at 43.28, which is the middle-term target.


Weekly review: S&P500, oil, gold


Weekly chart:: nearest target is 54.29 ( the bottom Bollinger band)


Weekly review: S&P500, oil, gold


Day chart: standard breakthrough of the bottom envelope! We shall wait for a return to the middle band (63.41) and will again add Sell to 43.28


Weekly review: S&P500, oil, gold


Expectations: decline to 54.29. A preliminary pullback to 63.41 is possible.


Trading decisions:


1) We keep sales open to 43.28


2) We shall open new sales to 63.41.


Gold


Monthly chart: all review indicators are still in a flat position, though preparation to movement is also seen.


Weekly review: S&P500, oil, gold


Weekly chart: Bollinger bands are getting narrow thereby anticipating an impulse movement but ADX is now passive. Range 1156.40-1236.44


Weekly review: S&P500, oil, gold


Daily chart:the bottom Bollinger band has withstood an attack and now bulls may avail from this situation to move the price to the middle Bollinger band (1178.99)and probably to the upper one (1200.00)


Weekly review: S&P500, oil, gold


Expectations: growth to 1178.99.


Trading decisions:


1) We may buy to 1178.99.


Aleksey Panasenko
FreshForex Analyst
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