Murrey math lines: Brent, S&P 500

RoboForex Team RoboForex

Brent

As we can see in the H4 chart, Brent is moving above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, later the price is expected to break 4/8 and then continue growing towards the closest resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling towards the support at 2/8.

In the M15 chart, the asset may break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.

S&P 500

As we can see in the H4 chart, the Index is also moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the asset is expected to rebound from 5/8 and then resume growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may correct downwards to reach the support at 3/8.

In the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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