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Weekly Review. S&P500, oil, gold


S&P500


Monthly chart: a downward correction does not look as finished. We are waiting for the index to move to the lower Bollinger band (1796.0), from which probably some roll back in the upward direction will take place.


Weekly Review. S&P500, oil, gold


Weekly chart: an apparent inside bearish bar and very active ADX also confirms the focus on support 1796.0


Weekly Review. S&P500, oil, gold


Daily chart: intermediate support lies at 1858.4 (lower Bollinger band).


Weekly Review. S&P500, oil, gold


Expectations: falling to 1858.4 and 1796.0.


Trading solutions:


1) Sales to 1858.4 and 1796.0.


"Brent"


Monthly chart: It seems that bulls have put a trap - the strongest and seemingly correct bullish pinbar calls for purchases, but it happens on the background of a new downward move to the lower Bollinger band, which has put itself under the mark of 35.00, and also very active ADX.


Weekly Review. S&P500, oil, gold


Weekly chart: we also have duality of signals - expressed bullish convergence oscillator against pinbar to sales and expanding envelopes. Bears can sell from 50% area of the pin - 51.50.


Weekly Review. S&P500, oil, gold


Daily chartк: local support at 43.44 (lower Bollinger band).


Weekly Review. S&P500, oil, gold


Expectations: decline to 43.44


Trading solutions:


1) Sell from 51.50 to 43.44


Gold


Monthly chart: inside bar after break of the bottom envelope - a good signal for the continuation of declin.


Weekly Review. S&P500, oil, gold


Weekly chart: local support at the lower Bollinger band (1086.04). ADX is inactive, so we're not waiting gold to get deeper this week.


Weekly


Daily chart: we are to reaffirm support on the lower band (1086.04), on which bounce to to 1124.74 (middle band) is likely to happent.


Weekly Review. S&P500, oil, gold


Expectations: decline to 1086.4 and bounce t0 1124.74


Trading solutions:


1) Selling to 1086.04


2) Buy from 1086.4 to 1124.74


Aleksey Panasenko
FreshForex Analyst
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