Key World Stock, Crude, Gold and Silver Markets Briefing
$DIA, $OIL, $USO, $GLD, $SLV
Commentary: After the poor US NFPs data, the weak ISM data in US has diminished even the last chances of any rate hike in September dead, increasing the risk appetite. PE
DJIA at 18526.14, -11.98, but the sideways mode in the range of 18250-700 continues and the setup may remain unchanged for the week.
DAX at 10752.98, +0.62%) has been trading in a wider range of 10400-800 with no sign of any immediate breakout.
Nikkei at 16852.17, -0.94% was rejected exactly from the resistance of 17150-250, and now it may trade sideways in the range of 16700-17150 for the next few sessions.
Shanghai at 3336.62, -0.13% is showing signs of resuming the uptrend soon if it can stay above the support at 3090-80.
Crude Oil, Gold, Silver & Copper
Commentary: Fresh risk appetite has not prevented money from flowing in safe havens like Gold, as the lack of fresh central bank stimulants may keep Crude Oil range bound. PE
Gold at 1349 made the initial target at 1340-50, but sees some resistance at 1355-60. It requires a clear break above 1360 to extend the rally to a fresh high above 1370-75.
Silver at 19.85 made the 1st target of 20.00. Now it may consolidate in the higher range of 19.85-20.50 for the rest of this week.
Brent Crude at 47.51, and WTI Crude Oil at 45.48 remains almost unchanged in the last 48 hours and may trade sideways for the rest of the week. The range for Brent may be 46.50-48.50 and for WTI Crude Oil, 44.00-46.00.
Copper at 2.10 is tracking the Chinese markets in here. After making the target of 2.10, now it can rise towards 2.14-15.