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Murrey Math Lines 22.10.2021 Brent, SP 500

22.10.2021BRENTIn the H4 chart, after breaking 38, Brent is no longer consolidating. In this case, the price is expected to continue falling towards the closest support at 28. However, this scenario may no longer be valid if the asset breaks 38 to the upside. After that, the instrument may resume growing and reach the resistance at 48.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.SP 500As we can see in the H4 chart, the SP Index is trading within the overbought area. In this case, the price is expected to test 88, break it, and then continue trading downwards to reach the support at 68. However, this scenario may no longer be valid if the asset breaks 18 to the downside. After that, the instrument may grow towards the resistance at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may 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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