Murrey Math Lines 31.07.2020 (Brent, S&P 500)

2020-07-31 15:03    RoboForex

Brent

As we can see in the H4 chart, Brent has rebounded from 8/8. In this case, the price is expected to resume falling towards the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at +1/8.

Murrey Math Lines 31.07.2020 (Brent, S&P 500) Institution Opinions 1

In the M15 chart, the asset may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.

Murrey Math Lines 31.07.2020 (Brent, S&P 500) Institution Opinions 2

S&P 500

As we can see in the H4 chart, after rebounding from 6/8 again, the Index is expected to start another decline towards 5/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may resume growing towards the resistance at 7/8.

Murrey Math Lines 31.07.2020 (Brent, S&P 500) Institution Opinions 3

In the M15 chart, the asset may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

Murrey Math Lines 31.07.2020 (Brent, S&P 500) Institution Opinions 4

Brent oil

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