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Pairs in Focus This Week – S&P 500, Oil, AUD/USD, BTC/USD, Gold, NASDAQ 100, GBP/USD, EUR/USD
The S&P 500 has rallied yet again during the last week of the year, but quite frankly we are struggling at what was the previous high. At this point, I think we do get a little bit of a pullback, but we will likely see buyers underneath, especially near the 4700 level. Breaking down below level then opens up a move down to the 4500 level, but I don’t know if we correct that deeply. Regardless, this is a scenario that is a bit overdone, and therefore a pullback is probably necessary. chart WTI Crude Oil The West Texas Intermediate Crude Oil market initially tried to rally during the week but found the area ... (full story)