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Murrey Math Lines 14.01.2022 Brent, SP 500

14.01.2022BRENTIn 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 then 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 fall 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 trading upwards.SP 500In the H4 chart, after breaking the 200day Moving Average, the SP Index is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to break 38 and then continue trading downwards to reach the support at 18. However, this scenario may no longer be valid if the asset breaks 48 to the upside. After that, the instrument may grow towards the resistance at 58.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue its decline.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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