Weekly market preview – week of Feb. 20, 2017

Summary:

  • S&P500 index may show some early profit-taking, but we expect traders to continue to buy the dips.
  • Oil could continue to be range-bound inside the $55 to 52 range
  • GOLD is approaching a decision level at $1247 to $1252. If it breaks up, expect the price to move higher. If it fails to break out, expect the price to stay in a consolidation area.

Read or download the Market Preview here

Download link: (170220-Weekly.pdf, 645KB)