Market preview – week of Mar. 30, 2020

Summary

  • The S&P500 index  is expected to end its short-term oversold bounce. The overhead resistance line at 2688-2700 zone could be the top for a second leg decline.
  • Oil is expected to stay under $25 and continue fighting to hold above the $18.50 level.
  • GOLD  is expected to stay under the $1700 level early in the week; later movement will depend on whether it can close above $1700 or not. If it can, a move higher should be expected.

Full weekly preview

Download link: (200330-weekly.pdf, 1.27MB)

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