Day Trading 4 Oct Pre Market

Morning all
Thanks AM crew
SPI: -22 @ 5442
XJO Yesterday: +42 @ 5478

US markets fell overnight, but pared half the losses into the close, the S&P finishing .3% lower.
Traders are looking for direction and momentum.
The market is still looking for inspiration. Non of the news we've gotten have been terribly encouraging," said Bruce McCain, chief investment strategist at Key Private Bank. "Some sort of corrective action, given the [high] valuations wouldn't be surprising and would be healthy for the market."

Crude prices rose broadly, with U.S. oil futures settling 1.2 percent higher at $48.81 per barrel, supported by a planned production cut by exporter group OPEC, although analysts cautioned a stubborn supply overhang could temper a longer-lasting rally. Brent prices broke above $50, hitting their highest level since August.
The OPEC deal is expected to take effect in November.
"If we get a production cut, even if it's small, or even a production freeze, that's the best news we've gotten over the past two years," said Peter Cardillo, chief market economist at First Standard Financial. 1
Oil: $48.65 + .41c

Copper: -1%
Nickel: - 2.6%
Zinc: + 1.1%
Aluminium: - .5%

Gold prices ended the U.S. day session modestly lower Monday. Some lessening concerns about a big German Bank’s liquidity took buying interest away from the safe-haven metal. Traders and investors are now looking for fresh news to drive the precious metals markets. 2
Gold: $1312
HUI: -2%
AUD Gold: $1710

AUD: .7675

On Today:



Have a good day

Sources:
1 CNBC
2 *****