- 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.
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