Murrey Math Lines for 13.09.2021 (Brent, S&P 500)

13.08.2021

BRENT

On H4, the quotations are trading under the 200-days Moving Average, indicating a downtrend. We may expect testing of 5/8, breaking through it, and falling to the support level of 4/8. The scenario can be cancelled by breaking through 6/8 upwards. In this case, the price might grow to the resistance level of 7/8.

BRENTH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, falling of the price can be supported by a breakaway of the lower line of VoltyChannel.

BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

On H4, the quotations are trading above the 200-days MA, wh ich means the uptrend is dominating. We should expect further growth to the resistance level of 7/8. The scenario can be cancelled by a breakaway of 6/8 downwards. This might lead to a correctional decline to the support level of 5/8.

S&P 500_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is broken, which confirms the uptrend and a high probability of growth to 7/8 on H4.

S&P 500_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s 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.