Weekly market preview – week of Apr. 24, 2017

Summary

  • The S&P500 index is expected to end its short-term correction this week. The French election result may fuel the breakout.
  • Oil: $51.50 will be a key line to watch. As long as oil holds price below it, former buyers will bail out their long positions and increase short-term selling pressure.
  • GOLD is expected to breakout upside, but a strong US dollar move could prevent GOLD from advancing.

Download link: (170424-weekly.pdf, 673KB)