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Big week for economic reports. The Street needs reassurance that the economic recovery is still intact. Look for new highs if the message is YES.

Expert commodity analyst are signalling mcx crude oil in bullish trend. The uncertain economic environment created around the world's best economic countries impacted the crude oil in the international and domestic market.Friday's crude oil trend will depend on due data of German factory orders US unemployment.

Can the increase in U.S. economic strength override concern for Europe's banking and sovereign debt woes ? If so, look for a surge in stock prices.

U.S. economy key to further advance. Better than expected numbers this week supports new upleg. Worse than expected calls for 10% - 12% correction.

Correction should continue in a sideways-to-down mode for several weeks even with good Greek news and a peak in oil prices. New buying risky unless expertly timed.