Weekly Review. S&P500, Brent, Gold | 08 January 2016


S&P500


Monthly: ADX still has a "December" character. The first week of the year must be taken for determination. But there is a possibility that correction will receive the potential for decline to 1864.9 (the bottom Bollinger band)


Weekly Review. S&P500, Brent, Gold


Weekly: horizontal envelopes, ADX is going through correction. We can also see signs of triangular consolidation and, respectively, the downward potential.


Weekly Review. S&P500, Brent, Gold


daily: local support (and weekly goal) - 2004.3 (the bottom Bollinger band).


Weekly Review. S&P500, Brent, Gold


Expectations drop to 2004.3


solutions: sales to 2004.3


Brent&


Monthly medium-term targets remain unchanged (we can say that they aggravate) - goal 24.54 (the bottom Bollinger Band).


Weekly Review. S&P500, Brent, Gold


Weekly: increased pressure from ADX, so, in spite of convergence, bears can start a new attack down.


Weekly Review. S&P500, Brent, Gold


daily: local goal - 33.86 (the bottom Bollinger band).


Weekly Review. S&P500, Brent, Gold


Expectations: drop to 33.86


solutions: sales to 33.86


Gold


Monthly: increased pressure from ADX, so, on a break under the bottom Bollinger band (1068.35), we can expect a strong medium-term trending distribution towards the psychological level of $ 1,000 per ounce.


Weekly Review. S&P500, Brent, Gold


Weekly: local support - 1040.34 (the bottom Bollinger band).


Weekly Review. S&P500, Brent, Gold


daily: flat range 1052.35-1084.38, but we also see increased activity of ADX, therefore we cannot guarantee that support would stay on the bottom Bollinger band.


Weekly Review. S&P500, Brent, Gold


Expectations: drop to 1052.35 (on a break under this level - even to 1040.34)


solutions: sales to 1052.35 and to 1040.34.


Aleksey Panasenko
FreshForex Analyst
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