Murray Mathematical Lines 08/05/2022 (Brent, S&P 500) :: InvestMacro

    31
    0

    Article Author RoboForex.com

    BRENT

    As we can see on the H4 chart, Brent is trading in an “oversold zone”. In this case, price collapse is expected -1/8 and keep moving up to reach resistance at 1/8. However, this scenario may no longer be valid if the asset breaks support on -2/8 to minuses. After that, the lines on the chart will be redrawn, which will help us identify new downside targets.

    Risk Warning: The results of previous trading operations do not guarantee the same results in the future

    On the M15 chart, the pair can break the growth line of the VoltyChannel indicator and, as a consequence, continue the growth.

    BRENT_M15
    Risk Warning: The results of previous trading operations do not guarantee the same results in the future



    S&P 500

    As we can see in the H4 chart, the S&P is still trading below its 200-day moving average, indicating a downtrend. In this case, the price of the test is expected 2/8break it and then continue falling to the support in 1/8. However, this scenario may no longer be true if the asset breaks through resistance at 3/8 up After that, the instrument can turn around and grow to reach the next resistance at 5/8.

    S&P 500_H4
    Risk Warning: The results of previous trading operations do not guarantee the same results in the future

    On the M15 chart, the pair can break through the lower line of the VoltyChannel indicator and, as a result, continue trading down.

    S&P 500_M15

    Article Author RoboForex.com

    Attention!
    The forecasts presented in this section reflect the author’s personal opinion only and should not be considered as a trading guide. RoboForex LP is not responsible for the trading results based on the trading recommendations described in these analytical reviews.

    Source link

    Previous article‘Positive Catalyst’ – Bitcoin Price Now Poised to Reach Huge $180 Billion Fed Bomb
    Next articleEight were taken to hospital and another 80 were treated for heatstroke at Stafford schools