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Murrey Math Lines 30.07.2021 Brent, SP 500

30.07.2021BRENTAs 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 continue falling towards the closest support at 78. However, this scenario may no longer be valid if the asset breaks 18 to the upside. After that, the instrument may move upwards and reach the resistance at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.SP 500In the H4 chart, the SP Index is also trading within the overbought area. In this case, the price is expected to test 88, break it, and then continue falling towards the support at 78. However, this scenario may no longer be valid if the asset breaks 18 to the upside. After that, the instrument may grow to reach 28.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.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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