Weekly Review of S&P500, Brent, Gold | 19 February 2016


S&P500


Monthly: Meanwhile, the index is trapped in the bottom Bollinger envelope, but in general we see the preparation of the next drop (probably after touch of the middle band - 1993.4)


Weekly Review of  S&P500, Brent, Gold


Weekly: we confirm magnetism around 1993.4 resistance zone. The goal of drop - support 1741.6.


Weekly Review of  S&P500, Brent, Gold


Daily: a better shaped resistance/support levels - 1937.8/1829.4


Weekly Review of  S&P500, Brent, Gold


Expectations: growth to 1937.8 and then a rollback down to 1829.4


solutions: sell from 1937.8 to 1829.4.


Brent oil


Monthly: the medium-term forecast implying falling of the oil to 18.47 (the bottom Bollinger band) is still relevant


Weekly Review of  S&P500, Brent, Gold


Weekly: so far, the price can performa a rollback to the middle Bollinger band (41.15), where it will be possible to sell on the trend down again. Local support - 27.66 (the bottom Bollinger band)


Weekly Review of  S&P500, Brent, Gold


Daily: ADX looks downwards, so there are big doubts about an ability of bulls to get above the upper band (36.82)


Weekly Review of  S&P500, Brent, Gold


Expectations: rise to 36.82 and then a new wave down to 32.31 and an eye on 27.66.


solutions: We should sell from 36.82 to 32.31. The long term traders should keep their positions to 27.66 and 18.47


Gold


Monthly: we expect resistance at the upper Bollinger band (1322.62), from where a new decline towards 1040.34 (the bottom band) will start .


Weekly Review of  S&P500, Brent, Gold


Weekly: the upper Bollinger envelope has been broken, so we are waiting for a rollback to the middle Bollinger band (1122.06), from where we shall buy to 1322.62.


Weekly Review of  S&P500, Brent, Gold


Daily: much more localized level of support (1144.94)


Weekly Review of  S&P500, Brent, Gold


Expectations: we expect the price to fall to 1144.94 and then rise to 1322.62


solutions: buy from 1144.94 to 1322.62


analytic
FreshForex Analyst
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