Latest News

Murrey Math Lines 03.09.2021 Brent, SP 500

03.09.2021BrentIn the H4 chart, Brent is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 78 and continue growing towards the resistance at 88. However, this scenario may no longer be valid if the asset breaks 68 to the downside. After that, the instrument may move downwards and reach the support at 58.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth towards 88 from the H4 chart.SP 500In the H4 chart, the SP Index is also trading above the 200day Moving Average to indicate an ascending tendency. In this case, the price is expected to continue growing towards the resistance at 38. However, this scenario may no longer be valid if the asset breaks 28 to the downside. After that, the instrument may fall to reach the support at 18.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News