BRENT
As we can see in the H4 chart, after rebounding from 4/8, Brent is expected to break the closest resistance at 5/8 and then continue growing towards 6/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the downside. After that, the instrument may resume falling and reach the support at 3/8.
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
In the H4 chart, the S&P Index is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 4/8 and then continue trading upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if the asset breaks 3/8 to the downside. After that, the instrument may correct towards the support at 2/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth.
