Market preview – week of October 19, 2020

Summary

  • The S&P500 index We think that last week's high is the top for the short term. Any early bounce will meet sellers. 3415 is the control key for any downside move; if it is broken a further decline is likely.
  • Oil is expected to continue inside its range from $43.50 to $36.50
  • GOLD is expected to struggle to hold the price above the $1875 key line. If it succeeds an attempt to move back up is likely.

Full weekly preview

Download link: (201019-weekly.pdf, 657KB)

 

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