Market preview – week of July 13, 2020

Summary

  • The S&P500 index  is expected to hold up and challenge its overhead resistance. This week it needs to make monthly high level before it can retrace.
  • Oil  is expected to retest last week’s low area this week. As long as $36-$35.50 zone holds up, oil still can bounce back up to the $41.50-$42.50 area.
  • GOLD  is expected to have a little further pullback this week, but it still will be bought above the $1750 area.

Full weekly preview

Download link: (200713-weekly.pdf, 684KB)

 

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