Brent

On H4, Brent quotes are testing the level of 0/8 (75.00) that acts as a support level for the price and the upper border of the oversold area. The RSI has rebounded from the support line. Currently, a rebound from 0/8 (75.00) is expected, followed by a rise to the resistance at 2/8 (81.25). The scenario can be cancelled by a downward breakout of the support at 0/8 (75.00). In this case, Brent quotes might drop to -1/8 (71.88).

Brent

On M15, a breakout of the upper line of the VoltyChannel will be an additional signal for price growth.

Brent

S&P 500

On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the instrument is expected to rise above 5/8 (4160.2) and next, reach the resistance at 6/8 (4179.7). The scenario can be cancelled by a downward breakout of the support at 3/8 (4121.1), which might lead to a trend reversal and a decline of the S&P 500 to 1/8 (4082.0).

SP 500

On M15, a breakout of the upper border of the VoltyChannel will increase the probability of a price increase to 6/8 (4179.7) on H4.

S&P 500

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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