Weekly market preview – week of Feb. 27, 2017

Summary:

  • S&P500 index is expected to have a movement similar to last week. A minor pullback may been seen in early week and later bounce, but we can’t rule out ultra-short-term overbought selling.
  • Oil still could continue moving inside the $55 to $52 range until it solves the short-term overbought condition.
  • GOLD should hold price above $1230 level and continue struggling to move higher even if there is some profit taking early in the week.

Read or download the Market Preview here

Download link: (1702127-Weekly.pdf, 700KB)