Day Trading 5 Apr Pre Market

Morning all
Go off AM crew

The ASX looks set for a flat open despite overnight weakness as the recent rally runs out of puff.
SPI futures are 2 points higher at 4983

U.S. stocks ended weaker on Monday, pulling back from a recent rally that took them to new 2016 highs, as losses in commodity-related and industrial shares offset gains in healthcare.
The S&P materials sector fell 1 percent after copper prices touched their lowest in a month, while energy shares slipped with oil prices.
"What we're seeing is some classic bullish fatigue setting in. Oil and other commodities are all in pullback mode ... and investors are very focused on commodities because they led on the way up," said Adam Sarhan, chief executive of Sarhan Capital in New York.
The Dow Jones industrial average .DJI closed down 0.31 percent, the S&P 500 lost  0.32 percent and the Nasdaq Composite dropped 0.46 percent.
Stocks have mostly gained since mid-February, recovering from deep losses thanks to stabilizing oil prices and reduced concerns about China's economy.
Investors now await fresh news on the interest rate outlook following last week's encouraging data and Federal Reserve Chair Janet Yellen's cautious tone on raising rates.
While the Fed's projections point to two rate hikes this year, traders expect only one, according to the CME Group's FedWatch program. 1

Nymex crude oil prices were lower and hit a four-week low Monday. Weakening oil prices recently have had a negative impact on many other raw commodity markets, including the precious metals.There are growing notions that a major oil-producers’ meeting in mid-April will not produce a production-constraint agreement. Russia, Saudi Arabia, Iran and other smaller oil producers are scheduled to hold a meeting on April 17. 2
Oil $35.46 - $1.33

Gold prices ended the U.S. day session modestly lower Monday, amid an improving general world trader/investor risk appetite. There was no major, fresh fundamental news in the marketplace Monday to influence the precious metals. June Comex gold was last at $1,215 an ounce.2
HUI -3%
AUD Gold $1598

AUD .7601

Have a good day

1 Reuters
2 *****