Murrey Math Lines 11.09.2020 (Brent, S&P 500)

11 сентября 2020 - Fx4News

Brent

On H4, Brent is trading in the oversold area. We expect the quotations to break 8/8, which may provoke further growth to the resistance at 2/8. The scenario may be canceled by a breakaway of -1/8, which will make the quotations fall to the support at -2/8.

Brent_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, further growth of the price is additionally supported by a breakaway of the upper line of VoltyChannel.

Brent_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

On H4, S&P 500 returned into the consolidation area. This makes growth to 4/8 highly probable. The scenario may be canceled by a breakaway of 3/8 top-down, which will bring the price deeper down to the support at 2/8.

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

On M15, a breakaway of the upper border of VoltyChannel increases the probability of growth to 4/8 on H4.

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