Day Trading 21 Nov Pre Market

Morning all
Thanks weekend crew

SPI +7
XJO



U.S. equities closed slightly lower on Friday, led by health care, as investors digested Federal Reserve officials' remarks on monetary policy and falling oil prices.
"Signs of short-term exhaustion have arisen in macro-level indices representing stocks, bonds, commodities, and currencies," said Katie Stockton, chief technical strategist at BTIG, in an email. "This tells us to expect a pause in their steep upmoves/downmoves in the next 1-2 weeks as overbought/oversold conditions are absorbed."
The Dow Jones industrial average closed about 35 points lower after opening slightly higher, with Merck contributing the most losses.
The Nasdaq composite fell around 0.2 percent after hitting an intraday record of 5,346.8 earlier in the session.
The S&P 500 slipped about a quarter of a percent, with health care falling 1.14 percent to lead decliners. 1

Oil prices eked out gains despite a stronger dollar and rising U.S. oil rig count, as hopes that OPEC might agree to limit production cuts at the end of the month boosted sentiment.
OPEC is moving closer to finalizing its first deal since 2008 to limit output, with most members prepared to offer Iran flexibility on production volumes, ministers and sources said.
Iran has been the main stumbling block for capping production, and while it has not yet responded to the proposal, it suggests OPEC members may be coming nearer to a consensus ahead of their meeting in Vienna on Nov. 30.
WTI crude oil futures settled up 27 cents at $45.69 a barrel and posted their first weekly gain in four. 1

Copper - 1.6%
Nickel - 3.7%
Zinc + .14%
Aluminium + .8%
Gold hit its lowest since late May on Friday as the dollar surged to a near 14-year peak on expectations for a U.S. rate hike next month and higher fiscal spending from U.S. President-elect Donald Trump's incoming administration.
The dollar is on track for its best fortnight since 1988 against the yen, and hit its highest since early 2003 versus a basket of currencies, as Trump's win stoked talk of tax cuts and fresh investment in infrastructure to boost the U.S. economy.
That weighed on gold, which is priced in dollars, sending it to its lowest since May 30 at $1,203.52 an ounce. 1
HUI - .6%
AUD Gold $ 1648

AUD .7323

Have a good day

1 CNBC