Weekly Review: S& P500, oil, gold | 21 August 2015


S&P500


Monthly chart:index continues to consolidate within the July range, it is possible to form the inside bar. Support for a possible downward correction - the middle Bollinger band (1986.3)


Weekly Review: S& P500, oil, gold


Weekly: flat corridor 2056.2-2133.5


Weekly Review: S& P500, oil, gold


The daily chart: here we also see the flat. Index receives considerable support from the area of ​​the bottom band (an impressive bullish pinbar), which confirms the overall bullish momentum.


Weekly Review: S& P500, oil, gold


Expectations: a continuation of the flat 2065.7-2131.3


Trading solutions:


1) Trading within channel 2065.7-2131.3


"Brent"


Monthly chart: a new wave of activity of ADX in favor of the bears. The lower Bollinger band again dropped slightly below (37.15)


Weekly Review: S& P500, oil, gold


Weekly: intermediate support in the area of ​​46.50 is likely to be under heavy load, and is likely to be broken.


Weekly Review: S& P500, oil, gold


The daily chart: Here, as we see, we have the option of upward correction from 46.50-46.92 zone to 52.75-54.00.


Weekly Review: S& P500, oil, gold


Expectations: to fall to 46.50-46.92, and then bounce up to 52.75-54.00, and a new wave down from the medium-term target 37.15.


Trading solutions:


1) Keep sales open and add a short position around the rollback 52.75-.54.00


Gold


Monthly chart: a technical correction in the area of ​​the middle band (1217.39), from where bears will be going to attack to break down 1000.00, which they identified by the breakdown of the lower bottom in July.


Weekly Review: S& P500, oil, gold


The weekly chart: a local resistance on a strong pivot 1170.01, where is the middle Bollinger band. From there, with a high probability of success, you can open Sell.


Weekly Review: S& P500, oil, gold


The daily chart: some gripping between support 1071.53 and resistance 1133.00.


Weekly Review: S& P500, oil, gold


Expectations: So, we wait when the price will reach resistance 1133.00 and possibly 1170.0, where we will wait for the short signal.


Trading solutions:


1) We are waiting for the sale opportunities from 1170.00 zones and thus, can buy from the support 1071.53


Aleksey Panasenko
FreshForex Analyst
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