Summary

• SPX: A sideways or small downside move is still expected from S&P500 index. The index could make the low for April this week.
• Oil had a nice breakout move last Friday. Now $50 will be a key line to watch. As long as oil holds above that level, expect a sideways move to consolidate the overbought condition, or perhaps followed by a further move up.
• GOLD could continue moving inside the $1265 to $1245 range first. Depending on external events GOLD could go back up to test $1275 or go down to test $1240-35.

[gview file=”https://www.naturus.com/wp-content/uploads/2017/01/170410-weekly.pdf”]