Day Trading 3 Nov Pre Market

Morning all
Thanks AMers

SPI: -17 @ 5167
XJO Yesterday: -61 ,  -1.16%



Nawsty selling still overhangs our market as energy prices unwind, US election uncertainty weigh on sentiment.
US Fed left rates unchanged.

The Dow Jones industrial average briefly fell 100 points after the decision, before closing about 75 points lower. The index also closed below 18,000 for the first time since July 7.
The S&P 500 fell 0.65 percent, posted a seven-day losing streak and closed below 2,100, with utilities and real estate falling more than 1 percent to lead decliners.
The Nasdaq composite dropped about 0.93 percent and briefly fell more than 1 percent. Earlier, the three major indexes broke above the flatline before retreating.

With financial markets anticipating a rate hike before the end of the year, the Federal Reserve held interest rates steady again while continuing to acknowledge that the case for a move is getting stronger.
"What they'd like to think they're doing is ensure the environment stays the same for December," said Robert Tipp, chief investment strategist at Prudential Fixed Income. But the election could change that environment, he said.

"The S&P closed below support for the first time since February. You've had this underlying bid in the market, where buyers show up and defend support. Yesterday, buyers didn't show up," said Sarhan. The Dow and the S&P briefly broke below 18,000 and 2,100, respectively. 1


Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.

The U.S. Energy Information Administration (EIA) said crude inventories rose 14.4 million barrels for the week ended Oct. 28, far more than the 1.0 million barrels analysts had expected. It was the biggest weekly rise in U.S. crude stocks since records began in 1982, and exceeded the American Petroleum Institute's report on Tuesday of a 9.3 million-barrel build. [EIA/S]
"This is very, very, very bearish. Nothing else in the report matters," said James L. Williams, energy economist at WTRG Economics in London, Arkansas.
U.S. West Texas Intermediate settled down by $1.33, or 2.9 percent, at $45.34 a barrel. It broke the $45 support earlier, sinking to a five-week low of $44.96.
Brent fell $1.28, or 2.7 percent, to settle at $46.86, after sliding to $46.46, its lowest since Sept. 28. 2

Copper: + .43%
Nickel: - .1%
Zinc: - .08%
Aluminium: + .58%




Gold prices were higher but well off their daily highs in late-afternoon trading Wednesday. Early on, prices hit a four-week high and climbed above what was a key resistance level of $1,300.00. Safe-haven demand is featured this week as the latest polling in the U.S. presidential election shows a much tighter race between Hillary Clinton and Donald Trump. Trump is even leading in at least one major poll, as the election is less than one week away. Technical buying in gold and silver is also featured this week as the near-term chart postures have significantly improved for both metals. 3

Gold:$ 1297
HUI: -2%
AUD Gold: $1694

AUD: .7655

On Today:



Have a good day

Sources:
1 CNBC
2 Reuters
3 *****