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Murrey Math Lines 11.11.2022 (Brent, S&P 500)

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Murrey Math Lines 11.11.2022 (Brent, S&P 500)


By RoboForex.com

BRENT

Brent quotes are currently below the 200-day Moving Average on H4, which indicates possible development of a downtrend. The resistance line is being tested by the RSI. Under such conditions, we can expect a breakaway to the downside. 6/8 (93.75) and subsequent fall to the support Level of 5/8 (90.62). If the quotes rise above the resistance level, the scenario can be canceled 7/8 (96.88), in this case they could rise to 8/8 (100.00).


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

A breakaway from the VoltyChannel lower line may support further price fall on M15.

BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The H4 stock index quotes are below the 200-day Moving Average. This indicates a possible downtrend. The resistance line is being tested by the RSI. We should expect a decrease in the support level. 1/8 (3906.2) and subsequent falls to 0/8 (3750.0). If the quotes rise above the resistance level, the scenario can be canceled. 2/8 (4062.5), which might lead to a trend reversal and growth of S&P 500 to 3/8 (4218.8).

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

A breakaway from the lower VoltyChannel line on M15 will increase the chance of the price dropping to 0/8 (3750.0) On H4.

S&P 500_M15

Article by RoboForex.com

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