Market preview – week of May 27-28, 2019

Summary

  • The S&P500 index is expected to move lower. But external events surrounding the US-China trade war may change which will have a major influence on market movement.
  • Oil is expected to hold above $57.50 to have a consolidation. Any bounce may not last very long.
  • GOLD is expected to hold above $1270-$1272 zone. The rollover into August contract (last Friday) could lead to a big price swing for gold.

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