Weekly Review of S&P500, Brent, Gold | 12 February 2016


S&P500


Monthly: the downward trend is gathering pace. Apparently, we can wait when the price reaches its medium-term target - 1574.7 - as soon as by spring. An outlook of drop could be even more far-reaching.


Weekly Review of S&P500, Brent, Gold


Weekly: ADX activity is growing, so we are waiting when the price reaches 1741.6


Weekly Review of S&P500, Brent, Gold


Daily: local accumulation within the Bollinger envelopes. Support is at 1894.4, resistance is at 1897.3 (the bottom and middle bands of Bollinger respectively)


Weekly Review of S&P500, Brent, Gold


Expectations: In general, we expect drop to 1854.4 and 1820.1, but a small preliminary upward pullback to 1897.3 is possible.


solutions: продаем к 1854.4, 1820.1 и 1741.6.


Brent


Monthly: Another surprise from the bottom Bollinger band, which, despite the bullish correction in January, fell to new Lows - 18.47. This very mark is the relevant medium-term goal for oil.


Weekly Review of S&P500, Brent, Gold


Weekly: the middle band of Bollinger remained unfinished (43.08), from where we could definitely sell. It is the question whether this height of correctin will be ensured (in the background of the core zone, which hosts ADX)


Weekly Review of S&P500, Brent, Gold


Daily: the upper Bollinger band actively represents itself as crucial resistance, so the most likely scenario is a direct drop to the bottom band (27.66)


Weekly Review of S&P500, Brent, Gold


Expectations: drop to 27.66


solutions: we should sell to 27.66


Gold


Monthly: the price has reached the middle Bollinger band (1181.82) and with equal probability can switch to a downward movement from current levels (see the black arrow.) and grow to the upper band (1322.62)


Weekly Review of S&P500, Brent, Gold


Weekly: bullish convergence of oscillator can talk about the high probability of growth in the direction of 1322.62. But a new test down to 1040.34 (the bottom band) is also a probable event


Weekly Review of S&P500, Brent, Gold


Daily: the price has broken the upper envelope thus enabling a roll back to the middle Bollinger band (1113.48), which will be open the way to purchase 1322.62


Weekly Review of S&P500, Brent, Gold


Expectations: drop to 1114.38 followed by growth to 1322.62


solutions: buy from 1114.38 to 1322.62


Aleksey Panasenko
FreshForex Analyst
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