Monthly chart: bulls can’t make it. Flat\correction continues.
Weekly chart: the sideways range 2055.2-2136.9 is kept. ADX is not close to the penetration this week but we expect it to break down.
Daily chart: a flat corridor with a local resistance of 2050.6-2136.9 (The middle Bollinger band).
Expectations: flat 2060.0-2099.8
1) Sales from 2060.0 to 2099.8.
2) Looking for sell signals from 2099.8
Monthly chart: the bottom Bollinger band moved to 37.65. This is an actual aim of oil drop.
Weekly chart: the penetration of the bottom envelope shows that Brent crude oil is in a bear market.
Expectations: so, we wait for the oil drop to be kept and also it is probably might be much faster. And we should consider a probable move up to 54.49
1) open sales are meant to be kept to 37.65
2) we shall add a position in the case of the pullback to 54.49 is.
Monthly chart: we look on the penetration of the bottom Bollinger envelope. It may be an important sign for the drop under 1000.0
Weekly chart: the middle Bollinger band is on 1175.56 where a probable sell gold position is.
Daily chart: a local resistance 1111.06, support 1056.23
Expectations: growth to 1111.06 and then decline to 1056.23
1) sales from 1111.06 to 1056.23
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us