Market preview – week of June 29, 2020

Summary

  • The S&P500 index  is expected to hold above the 2975-65 zone until June ends. This is a short week due to the Independence Day holiday on Friday. But there are four option expiration days this week (Monday, Tuesday, Wednesday and Thursday) and that could cause big price swings.
  • Oil  is expected to search for its first retracement support but stay above the $34.25 level.
  • GOLD  will try to make a breakout move again this week,  so any pullback will be countered by new buyers.

Full weekly preview

Download link: (200629-weekly.pdf, 591KB)

 

Or click the pop-out arrow in the top left corner of the image to read it on this page.