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Analysis

Murrey Math Lines 18.02.2022 (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 4/8, 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 4/8, break it, and then continue moving upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if the asset breaks 3/8 to the downside. After that, the instrument may correct towards the support at 2/8.

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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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As we can see in the H4 chart, the S&P Index is trading below the 200-day Moving Average to indicate a descending tendency–∂ right now, it is rebounding from the support at 0/8. In this case, the price is expected to correct towards the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks 0/8 to the downside. After that, the instrument may fall to reach the support at -1/8.

S&P 500_H4

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 its growth to reach 2/8 in the H4 chart.

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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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