Pre-Market Brief

Good morning. Equity futures are a touch higher, sp+2pt, we're set to open @ 1628. However, precious metals are sharply lower, with Gold -$25 and Silver - $0.43. Similarly, Oil is down 1.5%, both are probably being pressured by the USD, which is +0.25%.


sp'60min

USO, 60min

Summary

So, we do have the metals and Oil showing some interesting moves.

On balance, I'd have to guess we close higher today, although yes, the daily MACD cycle is now ticking lower for the indexes.
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*Oil will open in my USO target gap-zone, and I am seriously consideing going long.this morning.

Oscar...bullish as he often is...



back at 10am