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Murrey Math Lines for 13.09.2021 Brent, SP 500

13.08.2021BRENTOn H4, the quotations are trading under the 200days Moving Average, indicating a downtrend. We may expect testing of 58, breaking through it, and falling to the support level of 48. The scenario can be cancelled by breaking through 68 upwards. In this case, the price might grow to the resistance level of 78.On M15, falling of the price can be supported by a breakaway of the lower line of VoltyChannel.SP 500On H4, the quotations are trading above the 200days MA, wh ich means the uptrend is dominating. We should expect further growth to the resistance level of 78. The scenario can be cancelled by a breakaway of 68 downwards. This might lead to a correctional decline to the support level of 58.On M15, the upper line of VoltyChannel is broken, which confirms the uptrend and a high probability of growth to 78 on H4.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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