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Analysis

Murrey Math Lines 11.02.2022 (Brent, S&P 500)

BRENT

As we can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistanc…

BRENT

As we can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks 5/8 to the downside. After that, the instrument may correct towards the support at 4/8.

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

in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

BRENT_M15

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

S&P 500

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In the H4 chart, after failing to break the 200-day Moving Average, the S&P Index is trading below it to indicate a descending tendency. In this case, the price is expected to break the support at 1/8 and then continue trading downwards to reach 0/8. However, this scenario may no longer be valid if the asset breaks 2/8 to the upside. After that, the instrument may grow towards the resistance at 4/8.

S&P 500_H4

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

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline.

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S&P 500_M15

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

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