Weekly report. S&P500, Brent and Gold | 15 May 2015

S&P500


Monthly chart: There is a growth towards psychological 2200.0 high, then a big rollback is expected through to 1927.0(Middle Bollinger band).


Trend potential Forecast


Weekly chart: We can see a pinbar from middle band here, but ADX parameters are very weak, so here a 50% of pinbar rollback is expected towards Middle Bollinger band.


Trend potential Forecast


Day chart: There is a sideways range of 2078.2-2124.1 here. They are limits for the index of this week.


Trend potential Forecast


Expectations: a rollback to 2078.2 area and up trend toward 2124.1


Trading decisions:


1) Buying from 2078.2 to 2124.1 or with middle term strategy – to 2200.0.


2) Buying from 2078.2 to 2124.1 or with middle term strategy – to 2200.0.


"Brent" oil


Monthly chart: So, there was a achievement of 70.00 level, as I supposed last week. Now the price is ready for falling towards 48.11(low Bollinger band)


Trend potential Forecast


Weekly chart: We can see a very strong 70.00 resistance level here, that's why there was a week bear pin. So, a new wave of down trend is likely to appear here.


Trend potential Forecast


Day chart: There are two local support levels of 63.97 and 58.60, which can stop fall for this week. And we can see a bull pinbar, thus new achievement of 70.00 level is possible.


Trend potential Forecast


Expectations: We are waiting for a fall to 63.97, or even to 58.60


Trading decisions:


1) If you have sell orders – keep it.


2) You can make sells with new rollback to 70.00 with targets of 63.97 and 58.60 levels.


Gold


Monthly chart: There is a strong flat here.


Trend potential Forecast


Weekly chart: The same thing. There is a range of 1135.46-1283.28, but the price is likely keep itself near middle Bollinger band (1214.36)


Trend potential Forecast


Day chart:There is a sideways trend of 1177.16-1214.36


Trend potential Forecast


Expectations: flat between 1177.16-1214.36 levels.


Trading decisions:


1) Trade with both directions between 1177.16-1214.36.

Aleksey Panasenko
FreshForex Analyst
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