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Murrey Math Lines 28.01.2022 Brent, SP 500

28.01.2022BRENTIn the H4 chart, Brent is trading above the 200day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 58 and then continue moving upwards to reach the resistance at 68. However, this scenario may no longer be valid if the asset breaks 48 to the downside. After that, the instrument may fall towards the support at 38.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 500As we can see in the H4 chart, the SP Index is within the oversold area. In this case, the price is expected to break 08 and then continue trading upwards to reach the resistance at 28. However, this scenario may no longer be valid if the asset breaks the support at 18 to the downside. After that, the instrument may fall towards 28.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.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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