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Murrey Math Lines 12.11.2021 Brent, SP 500

12.11.2021BRENTOn H4, the quotations are trading above the 200days Moving Average, which indicates an uptrend. Currently, we expect a test of 58, a breakaway through it, and growth to the resistance level of 78. The scenario can be canceled by a breakaway of 48 downwards. This can lead to a trend reversal and falling to the support level of 38.On M15, the price growth can be confirmed by a breakaway of the upper line of VoltyChannel.SP 500On H4, the quotations are trading above the 200days Moving Average, which indicates an uptrend. However, there is currently a correction on the chart that can lead to falling to the support level of 38. Hence, we expect a test of 38, a bounce off it, and growth to the resistance level of 48. This scenario can be canceled by a breakaway of 38 downwards. In this case, the quotations will go on falling and can reach the support level of 28.On M15, a bounce off the upper border of VoltyChannel will make growth to 48n on H4 more probable.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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