- The S&P500 index is expected to go sideways within a defined trading channel this week again, but we can’t rule out a breakout into a strong trend move if the index breaks through that trading channel.
- Oil is expected to go back up higher if the $50 level manages to hold up strongly.
- GOLD should have an ultra-short-term pullback towards the $1175-85 zone first before it bounces up again. The buying pressure mainly results from hedging activity.
To see the full analysis, read or download the full preview here:[gview file=”https://www.naturus.com/wp-content/uploads/2017/01/170123-weekly.pdf”]
To see today’s updates, click the Daily Workbook link in the top menu, or the links to individual updates in the right sidebar.