- The S&P500 index is expected to hold above 3250 and move higher this week. Any pullback will be bought. But profit-taking can’t be avoided as the index approaches the February high area.
- Oil is expected to stay inside the 200- and 50-dEMA lines range first. But it could retrace more if the USD continues to bounce this week.
- GOLD is expected to have more profit taking early in the week and bounce from the $1950 area later in the week.
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