COMMODITIES: Precious Metals Rebound, Crude Steady

• Stocks continue to drift near steady (SPX eminis) to mildly negative late Tuesday, apprehension over a looming US government shutdown at midnight tonight keeping trading accounts at bay. Currently, the DJIA trades down 25.04 points (-0.05%) at 46284.74, S&P E-Minis up 6.5 points (0.1%) at 6719.5, Nasdaq down 0.8 points (0%) at 22588.13.
• Energy, Financial and Consumer Discretionary sector shares continued to lead decliners in the second half.
• Oil and gas stocks weaker as crude prices retreat even after OPEC issued a statement rejecting reports of production increases: Schlumberger -3.30%, Occidental Petroleum -2.91%, Halliburton -2.68%, Marathon Petroleum -2.53% and Phillips 66 -2.33%.
• A mix of financial services and travel related shares weighed on Financial and Consumer Discretionary sectors: Capital One Financial -5.83%, KKR & Co -5.57%, Apollo Global Management -5.53% and Blackstone -4.98%; MGM Resorts Int -6.21%, Expedia Group -3.40%, Las Vegas Sands -3.19% and Wynn Resorts -3.13%.
• On the positive side, Health Care and Information Technology sector shares led gainers. Pfizer climbed over 6% after headlines reported the pharmaceutical maker will get a three year grace period from Trump's drug tariffs. Merck & Co gained +4.85% and IQVIA Holdings +4.70%.
• Dell Technologies +3.71%, NVIDIA +2.51% and Super Micro Computer +2.91% supported the Tech sector.

• appr 12,000 FVX5 110 calls, 7.0-7.5 ref 109-07, total volume over 23,100

• RES 4: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg
• RES 3: 151.21 High Mar 28 
• RES 2: 150.92 High Aug 1 and a key resistance
• RES 1: 149.96 High Sep 26 and the bull trigger   
• PRICE: 147.96 @ 16:33 BST Sep 30
• SUP 1: 147.59 50-day EMA
• SUP 2: 146.77 Low Sep 18  
• SUP 3: 145.49 Low Sep 17 and a pivot support
• SUP 4: 144.23 Low Jul 7 

USDJPY has pulled back from last week’s high print. The move down - for now - appears corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch lies at 147.59, the 50-day EMA. Pivot support has been defined at 145.49, the Sep 17 low. A resumption of gains would signal scope for a climb towards key resistance at 150.92, the Aug 1 high.