S&P500 Approaching an Important Level: What’s Next?
Good day,
Brent oil broke the 77.82 supporting level, targeting the 70-level next. Oil should approach the broken downtrend, but it might head North and test the broken trendline first.
Euro got back in the downtrend, closing Friday with a long white candle. It seems that asset’s price might undergo a correction and jump at the beginning of next week, targeting the level of 1.1500.
American stock index S&P 500 is approaching the level of 4550 which is where this asset could get a very strong support and jump. Should the index manage to break this level and undergo correction, it might drop. So, the price movements around the supporting level of 4550.00 are worth watching.
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