Murrey Math Lines 30.09.2022 (Brent, S&P 500)

30.09.2022

BRENT

As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has broken the ascending trendline to the downside. In this case, the pair is expected to break 4/8 (87.50) and continue falling towards the support at 2/8 (81.20). However, this scenario may be cancelled if the price breaks the resistance at 5/8 (90.62) to the upside. After that, the instrument may move upwards to reach 6/8 (93.75)./p>

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.

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

S&P 500

As we can see in the H4 chart, the S&P 500 index is trading inside the “oversold area”. The Relative Strength Index is testing 30, confirming that the asset is oversold. In this case, the price is expected to break 0/8 (3750.0) and continue moving upwards to reach the resistance at 1/8 (3906.2). However, this scenario may no longer be valid if the price breaks the support at -1/8 (3593.8) to the downside. After that, the instrument may continue to fall towards -2/8 (3437.5).

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

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

重要提醒

本節提供的預測僅反映作者的私人意見,不應被視為交易的指導。 RoboForex 對這些分析評論中描述的交易建議的交易結果不承擔任何責任。