Market preview – week of Dec. 17, 2018

Holiday Schedule 2018

Nat’s service will be closed for the holidays from Dec. 21 to the New Year. The next Market Preview will be published Jan. 1 for the week of Jan. 2, 2019. Happy holiday, everyone!

Summary – Week of Dec. 17

  • The S&P500 index is expected to have a high volatility week due to: a rollover week; quadruple witching expiration week; and an important Fed announcement on Wednesday.
  • Oil is expected to hold up $50 level and struggle to move sideways within the $55-$49 range again. But rollover into the February contract this week will create some swing moves on both sides.
  • GOLD is expected to have a small counter trend correction move this week. But it could bounce if the Fed soft-pedals interest rate hikes during this week’s announcement.

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