Market preview – week of June 17, 2019

Summary

  • The S&P500 index is expected to hold above 2800 until the FOMC announcement Wednesday helps resolve the market’s indecision.
  • Oil is expected to travel inside a consolidation range from $55 to $50.50 for a while until it chooses a breakout direction.
  • GOLD is expected to have a retracement to retest $1305-$1310 zone first, and rally again if the Fed chooses to cut the interest rate on Wednesday

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