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Murrey Math Lines 25.02.2022 Brent, SP 500

25.02.2022BRENTAs we can see in the H4 chart, Brent is trading within the overbought area. In this case, the price is expected to break 88 and then continue moving downwards to reach the support at 78. However, this scenario may no longer be valid if the asset breaks the resistance at 18 to the upside. After that, the instrument may grow towards 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.SP 500In the H4 chart, the SP Index is trading below the 200day Moving Average to indicate a descending tendency. In this case, the price is expected to rebound from 38 and then resume falling towards the support at 18. However, this scenario may no longer be valid if the asset breaks the resistance at 48 to the upside. After that, the instrument may grow to reach 58.As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading downwards only after rebounding from 38 in 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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