S&P500
Monthly chart: so, we can state two things. The first is that the index is moving to reversal. The second one is that selling now is a bad idea. The upper Bollinger band is continuing to grow. Now it has almost reached 2147.1, upon that, current bar has the character of pin bar too which is a bullish signal. Upon that, ADX/RSI contradicts that which is a pre-reversal sign.
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Weekly chart: the local levels of support and resistance are 2005.0 and 2110.0 respectively. ADX is going through correction, so it is possible that the price will stay in this range.
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Day chart: support is even better concentrated at 2054.1 (the middle Bollinger band), resistance is at 2118.9 (the upper band).
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Conclusion: main plan is the ascending flat 2054.1-2118.9. Another option is a deeper correction to 2005.1 and then ascending move in the direction of 2147.1
"Brent" oil
Monthly chart: oil still has descending character in the direction of 50$ per barrel. Taking into account that current bar is the third bar in succession beyond Bollinger envelopes, we can assume that after the fourth touch of 50.00 a significant upward correction will start in the direction of 87.32. In general, the chart a further decline to 38.67.
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Weekly chart: the product is oversold to the extent which is enough for a rollback, but only sales tactics suits now. Possible range correction - 75.50-87.32, where you need seek for more signals for opening shorts on younger charts.
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Day chart: local levels for the nearest time is resistance 66.16 (the middle Bollinger band), target of decline - 55.18 (bottom band).
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Conclusion: we are selling from 66.16 to 55.18 Gold Monthly chart:bulls start ascending correction, so targets in the area of the upper Bollinger band (1404.00) are real. The middle band is resistance (1270.73)
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Weekly chart: we notice that resistance area is strong 1270.73-1296.20. Support - 1141.98 (the bottom Bollinger band).
.png "Report on major contracts")
Day chart: Bollinger envelopes are horizontal and stable, so there is a high probability that bears will show the potential to drop to the upper band (1234.36). Target - 1164.17 (the bottom band).
.png "Report on major contracts")
Conclusion: main plan is the growth to 1234.36 and a further decline to 1164.17. Alternatively, a stronger growth to the area 1270.73-1296.20, where I would also recommend to look for chances to sell with the target 1142.00.
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