Market preview – week of August 12, 2019

Summary

  • The S&P500 index is expected to stall under its 20- and 50-day moving average lines and return to 2800 area or lower.
  • Oil is expected to stop advancing under $55.50 line and return to $52.50 area or lower again.
  • GOLD is expected to hold above $1480-70 line and continue to see a buy-on-dip move.

This week is a major monthly option expiration week. All of the above products are expected to have high volatility early in the week and low volatility towards the end of the week.

Full weekly preview (free)

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