Market preview – week of October 5, 2020

Summary

  • The S&P500 index is expected to go down first and bounce later in the week. The 3298-3295.50 zone is the control key for any downside move and 3350 is the key to control any upside move.
  • Oil is expected to go down further. The short-term outlook is bearish.
  • GOLD is expected to hold the price above the $1885 key line and attempt to go higher.

Full weekly preview

Download link: (201005-weekly.pdf, 586KB)

 

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