Brent
Brent quotes are below the 200-day Moving Average on H4, revealing the probability of a downtrend development. The RSI is testing the resistance line. In this situation, a downward breakout of 4/8 (87.50) is expected, followed by a decline to the support at 2/8 (84.38). The scenario can be cancelled by rising above the resistance at 5/8 (89.06). In this case, crude oil quotes might climb to 6/8 (90.62).
On M15, a breakout of the lower boundary of the VoltyChannel could increase the probability of a price decline.
S&P 500
S&P 500 quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI has formed a convergence. In this situation, a test of 6/8 (4218.8) is expected, followed by a breakout of this level and a rise to the resistance level of 7/8 (4296.9). The scenario can be cancelled by a downward breakout of 5/8 (4140.6), which could lead to a decline of the index to 4/8 (4062.5).
On M15, the growth of the quotes could be additionally supported by a breakout of the upper boundary of the VoltyChannel.
