SPAIN AUCTION RESULTS: Obli/ObliEi Results

WTI futures fell for a third session into the Monday close, keeping S/T momentum pointed lower. Support to watch remains the 50-day EMA, at $65.48. The average has been pierced, a clear break of it would expose $58.17, the May 30 low. Gold benefited from the soft NFP print on Friday, returning prices toward the top-end of the recent range. This supports the view that short-term weakness is corrective - for now - and a bull cycle that started Jun 30 remains intact.

• WTI Crude down $0.1 or -0.15% at $66.2
• Natural Gas up $0.03 or +1.13% at $2.965
• Gold spot down $1.98 or -0.06% at $3371.33
• Copper down $0.75 or -0.17% at $443.25
• Silver up $0.08 or +0.21% at $37.487
• Platinum down $6.89 or -0.52% at $1326.77

• The Swiss Franc has jumped above the Kiwi as the worst early performer against the Dollar within G10s, the Rand is the worst performer in the majors.
• USDCHF has recovered above 0.8100, and an extension all the way up to 0.8161, would represent a full US NFP reversal.
• Small resistance in USDJPY moves down to 147.52, looking to test that level now, but most Market Participants will eye 148.09, Yesterday's high.