Weekly review: S&P500, oil, gold | 14 August 2015

S&P500

Monthly chart: bulls can’t make it. Flat\correction continues.




Weekly review: S&P500, oil, gold




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.




Weekly review: S&P500, oil, gold




Daily chart: a flat corridor with a local resistance of 2050.6-2136.9 (The middle Bollinger band).




Weekly review: S&P500, oil, gold




Expectations: flat 2060.0-2099.8




Trading solutions:




1) Sales from 2060.0 to 2099.8.




2) Looking for sell signals from 2099.8




"Brent" oil




Monthly chart: the bottom Bollinger band moved to 37.65. This is an actual aim of oil drop.




Weekly review: S&P500, oil, gold




Weekly chart: the penetration of the bottom envelope shows that Brent crude oil is in a bear market.




Weekly review: S&P500, oil, gold




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




Trading solutions:




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.




Gold




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 review: S&P500, oil, gold




Weekly chart: the middle Bollinger band is on 1175.56 where a probable sell gold position is.




Weekly review: S&P500, oil, gold




Daily chart: a local resistance 1111.06, support 1056.23




Weekly review: S&P500, oil, gold




Expectations: growth to 1111.06 and then decline to 1056.23




Trading solutions:




1) sales from 1111.06 to 1056.23

Aleksey Panasenko
FreshForex Analyst
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