Market Preview – week of May 29, 2015

Summary

  • The S&P500 index is expected to hold above 2400 level in early week days, and later Thursday or Friday will see a minor pullback.
  • Oil $47 is a critical level. As long as price stays above it, a bounce back up to $50 area should be expected. But as long as the US dollar bounces, oil rally will be limited.
  • GOLD had an breakout move last Friday. GOLD could have a continuation high move this week.

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Download link: (170529-weekly.pdf, 678KB)