Market Preview – week of Apr. 3, 2017

Summary

  • S&P500 index is expected to retrace back down toward the 2345 area for testing first before the price bounces in later in the week. However the non-farm payroll report on Friday and other events earlier in the week may produce some surprises.
  • Oil had a nice oversold bounce in the last couple of days. This week $49-48.50 is expected to hold the price up after a substantial rally last week and help oil fight through the overhead resistance line at $52.
  • GOLD could go sideways between $1258 and $1225 while it waits for Friday’s non-farm payrolls employment report.

Download link: (170403-weekly.pdf, 681KB)