S&P500
Monthly: everything looks like northern accumulation, but ADX is far from the trend zone, so the index may be delayed inside the upper Bollinger envelope (2062.8 – 2175.5)
Weekly: a similar situation here. The range is more localized: 2100.9 – 2203.2
Daily: a better shaped horizontal flat corridor 2157.8 – 2193.0
Expectations: flat 2157.8-2193.0
Solutions: Look for entries around 2157.8
"Brent"
Monthly: oil is being traded around the middle Bollinger band (51.72). ADX is weak, so it is likely, this trend will continue.
Weekly: local resistance 53.56 (upper Bollinger band); support is 46.80 (the middle band)
Daily: active trend status of ADX, so buyers can finalize zone around 53.56
Expectations: Growth to 53.56 followed by a decline to 51.00
Solutions:
1. Buy to 53.56
2. Sell from 53.56
Gold
Monthly: active trend status of ADX g allows bulls to rely on medium-term growth in the direction of 1562.59
Weekly: local resistance 1382.64 (upper Bollinger band). As we note the bearish divergence of the oscillator, we expect a rebound and fall to 1287.28 (middle band)
Daily: horizontal flat corridor inside Bollinger envelopes (1316.37-1365.41)
Expectations: Flat 1316.37-1365.41
Solutions: trading inside the range 1316.37 – 1365.41
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