S&P500 Forecast: Potential Correction Underway!
American stock index S&P500 keeps heading up. Currently, the price of this asset remains at the level of 5245. It might slightly rise in the future. However, the asset’s price is likely to undergo correction first, gain the required support at the level of 4680, and then only jump. Should the price of this index break the resistance level of 5150, it might rebound and drop. So, let’s wait and see whether this scenario is going to work out.
The price of Brent oil is on the rise. It is gradually approaching the level of 95. The asset’s price might potentially rebound from this level and drop. It can also drop to the level of 84, gain the required support, rebound, and rise again. Time will tell what is going to be the next price movement of this asset.
The price of the Canadian dollar is going up and targeting the resistance level of 1.3900. It might eventually rebound from this resistance and drop.
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