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Murrey Math Lines 10.09.2021 Brent, SP 500

10.09.2021BrentAs we can see in the H4 chart, after rebounding from the 200day Moving Average, Brent is trading above it, thus indicating an ascending tendency. In this case, the price is expected to test the resistance 78, break it, and continue growing towards 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.in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.SP 500In the H4 chart, after rebounding from 38, the SP Index is expected to resume growing towards the resistance at 48. However, this scenario may no longer be valid if the asset breaks 38 to the downside. After that, the instrument may fall to reach the support at 28.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the ascending tendency only after rebounding from 38 from the H4 chart.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.

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