Market preview – week of Jan. 21, 2018

Summary

  • The S&P500 index could go in either direction under the influence of external news events which this week may be more significant than technical indicators.
  • Oil is expected to stall under $55.50-$57.50 zone and retrace a little bit. But we expect the $50.00-$49.50 zone to hold up .
  • GOLD is expected to continue pulling back into the $1260 area. But if equity markets retrace early in the week gold may find support around the $1280-75 zone.

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E-mini on Jan. 16.

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