Weekly Forecast for S&P500, Brent, Gold | 23 Septiembre 2016


S&P500


Monthly: continued local downward correction, which, apparently, would reach at least the middle Bollinger band (2062.8), upon that bullish potential will be tested. But note that the oscillator has shown a well expressed bearish divergence a long ago, therefore, with high probability, the index is completely reversing downwards.



Weekly: next two ways support lines on the way of drop is the middle Bollinger band (2122.8) and the bottom band (2018.2)



Daily: resistance from the middle Bollinger band (2168.3) remains untested and is a potential area for medium-term sales, because we are dealing with a broken bottom envelope and week's divergence.



The main scenario - touch of 2168.3 and then decline towards 2062.8.


The alternative scenario- a direct decline towards 2062.8


Solutions: sales to 2062.8 (the best possible way - from 2168.3)


"Brent"


Monthly: oil retains a tendency to flat under resistance 50.00 and so far, there is no reason for this trend to be changed.



Weekly: at this local frame, the price is consolidating within narrowing Bollinger envelopes (range 43.73-52.33). We do not expect any breakthrough of the range. Thus, we can count on support 43.73 as the source of a Buy signal.



Daily: non-trending ADX indicates readiness to finalize 43.73 zone this week. One of the possible ways is a "breakthrough of the lower envelope, a return to the middle band (48.28) - the basic phase of decline to 43.73)



The main scenario - a break below 45.30, then an upward rollback to 48.28 and then beginning of decline to 43.73


The alternative scenario - a direct decline towards 43.73.


Solutions: sales to 43.73 (the best possible way - from around 48.28)


Gold


Monthly: gold is correcting down inside the upper envelope, which paves the way for bears to the middle Bollinger band (1206.90). ADX in the strong zone, but is in a neutral mood, it creates the danger of the impulse.



Weekly: if support of 1304.55 (middle Bollinger band) is broken, then bears will have the operating space for a drop to 1221.49. The oscillator has signs of divergence, so the bearish scenario is the main one.



Daily: here sellers fully dominate. Based on aggressive parameters of ADX, they are ready to collapse the price to 1206.90 right after opening of markets. The . last support before a fall - the bottom Bollinger band (1304.55)


Weekly Forecast for S&P500, Brent, Gold


Expectations: drop to 1254.46, 1221.49 with the target to 1206.90


Solutions: sales to 1254.46, 1221.49 and 1206.90


Aleksey Panasenko
Analista de la empresa" FreshForex
¿De acuerdo con la revisión?
Opinión de los comerciantes:

Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.