Weekly report on main contracts | 20 March 2015

S&P500


Monthly chart: The upper Bollinger band went up again and points the level 2178.3, which is exactly a current target. Potential to reach it is enough and marked by the Indisde Bar which was hit in the last month.


Trend potential Forecast


Weekly chart: so, a general reversal determination is possible but only when targets upward will be reached. Zone 2178 will be probably reached by the two support lines. These are current levels 2063,2 (The middle Bollinger band ) either 1943.9 (the bottom band).


Trend potential Forecast


Day chart: one more strong support in zone 1995.0


Trend potential Forecast


Expectations: so, the index is undergoing correction and signalizes that reversal downward is here to come but we need to be patient cause there is a potential for one more upsurge to 2178.2. We are waiting the growth from current levels either after a drop to 1995.0


Trading decisions:


1) We are looking for sale signals from current levels and to zone 1995.0. Target - 2178.2


"Brent" oil


Monthly chart: So, the oil had shown a stronger potential to get down to 41.38.


Trend potential Forecast


Weekly chart: we confirm that Southern potential is strong


Trend potential Forecast


Day chart: Friday was closed on a breakthrough of the bottom envelope. The entrance point (if we are lucky enough to get it) — is the middle Bollinger band (59.55)


Trend potential Forecast


Expectations: I am waiting for an irrevocable descend of the oil to 41.38 (of course, with a possible delay). A probable sales point is - 59.55.


Trading decisions:


1)  Sell from 59.55 to 41.38


 


Gold


Monthly chart: bears are busy breaking February's Inside Bar. Bulls still have time to defend but everything speak for breaking and descending in the direction of 1032.24 and below.


Trend potential Forecast


Weekly chart: pressure is not enough yet, thus there is still a probability of a pullback in the area of the middle Bollinger band(1191.35)


Trend potential Forecast


Day chart: support in the area1133.12 is very strong, resistance is based at 1191.35 (the middle Bollinger band).


Trend potential Forecast


Expectations: So, we are waiting when the gold will get down to 1133.12 after a probable roll to1191.35.


Trading decisions:


1) Sell from1191.35 to 1133.12.

Aleksey Panasenko
FreshForex Analyst
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