WTI Oil is trading at $93.90, 0.12% up since previous day close. The Oil prices rallied on Monday as OPEC+ hinted for output cut in the latest meeting in order to stabilize the volatile Oil prices. Earlier, the mixed momentum can be seen in Crude Oil prices amid beginning of talks between U.S & Iran over Oil sanctions level. Besides this, the strong USD made dollar denominated commodities slightly bearish. The recent U.S Baker Hughes estimates rose by 4 from 601 to 605 which restricted the momentum in prices earlier. The result of U.S API & EIA reports will remain in focus for the week. As seen in the chart, the Oil is reversed up from major support level & hence, slight buying may be recommended for the day.

US30 is trading at 32072.3, 0.08% up since previous day close. The mixed trading can be seen in U.S markets as US30 showed a sharp fall post Jackson Hole Symposium event wherein the Fed Chair Jerome Powell hinted for aggressive rate hike stance in near future to curb inflation. Last week, the U.S Prelim GDP fell by 0.6% lower than expectation 0.9% & Jobless Claims figure dropped to 243K from 245K in the previous month. The traders will be eyeing the outcome of Non-farm Payroll data on Friday which will showcase the changes in employment sector. As seen in the chart, the index is trading between the Fibo level 38.2 & 23.6 which signals for breakout on either side. The RSI line is hovering near the mid-level 50 indicating the sideways momentum for the day.

AUD/USD is trading at 0.68578, 0.03% down since previous day close. The strong USD after U.S Chair Powell hinted for more hawkish stance over monetary tightening in order to tame down inflation rate in Jackson Hole Symposium speech held last weekend; made other currencies to trade on lower side. In Australia, the Retail Sales grew by 1.3% from 0.2% in the previous month which failed to create any positive impact on the pair AUD/USD. Upcoming event of U.S Non-farm Payroll data will remain in focus for the day. As seen in the weekly chart, the pair is trading within the bearish channel pattern & also, below the short term Moving Averages of period 10 & 20. Selling on higher side may be recommended for the day in AUD/USD.