Article By RoboForex.com
BRENT
On H4, the quotes have broken through the 200-day Moving Average and are now resting above it, which indicates an uptrend. The RSI is testing the the support level. Currently, we should expect the quotes to rise over 7/8 (96.88) and then grow to the resistance level of 8/8 (100.00). The scenario can be cancelled by a breakaway of 6/8 (93.75) downwards. In this case, the quotes may drop to the support level of 5/8 (90.62).
On M15, the upper line of VoltyChannel is broken, which increases the probability of price growth.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
S&P 500
On H4, the quotes are going under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI bounced off the resistance level. Currently, a breakaway of the support level downwards is expected at 0/8 (3750.0), followed by falling to -1/8 (3593.8). The scenario can be cancelled by a downward breakaway of the resistance level at 1/8 (3906.2). In this case, the quotes may reach 2/8 (4062.5).
On M15, the lower line of VoltyChannel is broken, confirming the downtrend and a high probability of further price falling.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Australia’s labor‑market data disappoint. New Zealand’s trade balance shows a record surplus May 21, 2026
- GBP/USD Recovers Amid UK Inflation Data: Positive Signals Emerge May 21, 2026
- The People’s Bank of China keeps lending rates unchanged. The Canadian dollar weakens amid falling inflation May 20, 2026
- EUR/USD Near Six-Week Low as Market Tensions Rise May 20, 2026
- Oil prices remain volatile. The Reserve Bank of Australia signals further rate hikes May 19, 2026
- Gold Recovers Some Losses: What’s Driving the Market? May 19, 2026
- Economic activity in China is slowing. Silver has fallen by more than 8% May 18, 2026
- USD/JPY Rises for Sixth Straight Day: Yen Back on the Cusp of Intervention May 18, 2026
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
