Gold, S&P500, Brent in the weekly review | 11 March 2016


S&P500


Monthly:  technical correction in the direction of the upper Bollinger band (2156.1)


Gold, S&P500, Brent in the weekly review


Weekly: local resistance from the middle band (1996.7). In case of a further breakthrough we'll see movement around resistance 2094.0 (red arrow).

Otherwise — a downward bounce to the lower band (1844.3)


Gold, S&P500, Brent in the weekly review


Daily: ADX is in active growth phase, so we waiting for implementation of the northern scenario (growth to 2083.0)


Gold, S&P500, Brent in the weekly review


Expectations: growth to 2083.0


solutions: buy to 2083.0


Brent


Monthly: So, January was closed victoriously for bulls - against the convergence a well-shaped bullish inside bar was obtained.

This is a very significant claim for a correction up to the middle Bollinger band (63.87)


Gold, S&P500, Brent in the weekly review


Weekly: here we also note bullish convergence of the oscillator. Resistance is more localized - 53.56 (the upper Bollinger band).


Gold, S&P500, Brent in the weekly review


Daily: very active ADX and breakthrough of top envelope. It is possible that 53.56 will be as early as this week


Gold, S&P500, Brent in the weekly review


Expectations: growth to 53.56


solutions:  buy to 53.56


Gold


Monthly: continued correction to the upper band (1322.62)


Gold, S&P500, Brent in the weekly review


Weekly: active ADX, so upward scenario prevails.


Gold, S&P500, Brent in the weekly review


Daily: divergence of the oscillator. Support is at 1217.34. Perhaps we will see a pullback to this level, then the buyers will break a new High, and then a downward reversal will take place.


Gold, S&P500, Brent in the weekly review


Expectations: drop to 1217.34 followed by surge to1280.00 and then a downward reversal.


solutions:


1) Buy from 1217.34 to 1280.00


2) Sell from 1280.00 to 1165.80 (in the middle run).


Aleksey Panasenko
FreshForex Analyst
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