Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
It is a pretty empty calendar as the new trading week gets under way and after falling sharply last week, demand for the dollar appears to be waning and is likely to remain under pressure today. A weaker dollar is likely to boost gold prices once more.
Next 24 Hours Bias
Medium Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Crude oil prices have tumbled strongly over the last three weeks with WTI oil shedding more than 15% over this period. WTI oil rebounded strongly last Friday and was trading above $76.00 per barrel this morning. Prices could retrace higher today before the macro-fundamentals come to the forefront once again to add downward pressure for this commodity.
Next 24 Hours Bias
Weak Bullish