Market preview – week of November 18, 2019

Summary

  • The S&P500 index is expected to have a minor pullback this week. Watch the 3020-3000 zone, which controls any possible retest of the 2985 area. However the Index also could go up to the 3150-60 zone first if the support around 3102 holds up in the early part of the week.
  • Oil  is expected to have an attempt to break out above the $58.50 line. If fails, there will likely be a retracement. The buyers will support the $55.50-$54.75 area.
  • GOLD  is expected to retest the $1460-$1445 zone. As long as it holds, the odds will favor the buying side this week.

Full weekly preview (free)

Download link: (191118-weekly.pdf, 1.44MB)

 

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