Article By RoboForex.com
BRENT
On H4, Brent quotations overcome 0/8 and escaped the oversold area. Currently, we expect growth to the resistance level of 2/8. The scenario can be canceled by a breakaway of the support at 0/8 downwards. In this case, the price might drop deeper down to -1/8.
On M15, a breakaway of the upper border of VoltyChannel will increase the probability of further price growth.
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S&P 500
On H4, the quotations are trading in the overbought area. Currently, a breakaway of +1/8 can provoke a correctional decline to the nearest support at 8/8. The scenario might be canceled by a breakaway of +2/8 upwards, which will reshuffle the Murrey lines and set new goals of price moves.
On M15, the lower border of VoltyChannel is too far away from the current price, which means the falling will only be signaled by a breakaway of +1/8 on H4.
Article By RoboForex.com
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