Brent
On H4, Brent quotations are trading inside a consolidation range. We expect the price to bounce off 4/8, which will lead the price to the resistance at 5/8. The scenario may be canceled by a breakaway of 4/8 top-down, which may lead to further falling to the support at 3/8.
On M15, the upper border of VoltyChannel is too far from the current price, so the signal for the growth of the quotations will only be a bounce off 4/8 on H4.
S&P 500
On H4, the quotations of S&P 500 are also trading in a consolidation range. Currently, the price is bouncing off 4/8, which means the quotations may grow to the resistance at 5/8. The scenario may be canceled in the case of a breakaway of 4/8 top-down, which will bring the price further down to the resistance at 3/8.
On M15, the upper border of VoltyChannel is, again, too far from the current price,so the signal for the growth of the quotations will be a bounce off 4/8 on H4.
