Market Preview – week of April 10. 2017

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.

Download link: (170410-weekly.pdf, 668KB)