- 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.
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