Commodity Market - Capital Street FX

[CSFX.Support]

Gold and Silver Rally Amid Fed Rate Cut, Oil and Natural Gas Show Mixed Trends Driven by Supply and Demand.​

Precious metals and energy markets showed mixed but generally constructive trends this week, driven by central bank moves, geopolitical tensions, and supply-demand dynamics. With the Fed’s rate cut setting the tone, traders now focus on key economic data and inventory reports for fresh direction across gold, silver, oil, and natural gas.

KEY HIGHLIGHTS ​

• Gold rallies above $3,700 driven by Fed rate cut.
• Silver maintains bullish momentum supported by weak Dollar, geopolitical tensions.
• Crude oil stabilizes amid supply concerns and global demand uncertainty.
• Natural gas holds steady on tight supply and seasonal demand.

Markets In Focus Today – GOLD​

Gold Weekly Outlook: Near-Term Prospects Stay Positive.​

Gold (XAU/USD) extended its rally this week, climbing to fresh all-time highs above $3,700 per troy ounce shortly after the Federal Reserve (Fed) delivered its first interest rate cut of the year, a move largely anticipated by markets. The metal’s upward momentum marked its fifth consecutive weekly gain, supported by two key drivers: persistent expectations of further Fed easing through late 2025 into 2026, and heightened geopolitical tensions, particularly in the Middle East, with the ongoing Russia-Ukraine conflict adding to safe-haven demand. Another factor fueling bullion’s strength has been the generally weak US Dollar (USD). Although the Greenback regained some stability after the FOMC decision, the broader trend remains soft, with the DXY trading near the lower end of its three-year range. This backdrop has allowed gold to stay firmly in positive territory, now up nearly 40% year-to-date. Technically, the breakout above the April–August consolidation zone in late August coincided with the Jackson Hole Symposium, giving fresh bullish impulse. The rebound has been reinforced by disappointing US labor market data, including weaker Nonfarm Payrolls and subsequent downward revisions, alongside continued geopolitical uncertainty in the Middle East and Eastern Europe.

Technical Overview With Chart :

Moving Averages :

Exponential :

• MA 10 :1385 | Positive Crossover | Bullish
• MA 20 :0407 | Positive Crossover | Bullish
• MA 50 :6720 | Positive Crossover | Bullish

Simple :

• MA 10 :2740 | Positive Crossover | Bullish
• MA 20 :4480 | Positive Crossover | Bullish
• MA 50 :4502 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 72.6263 | Buy Zone | Bullish

Stochastic Oscillator : 84.7742 | Buy Zone | Neutral

Resistance And Support Levels :

• R1 :0299 R2 :3500.7068
• S1 :3468 S2 :3287.6699

Overall Sentiment : Bullish Market Direction : Buy

Trade Suggestion : Limit Buy : 3655.00 | Take Profit : 3707.50 | Stop Loss : 3631.35

SILVER​

XAG/USD Weekly Outlook: Silver Holds Bullish Momentum Amid USD Weakness and Safe-Haven Demand.​

Read More Market Update - Capital Street FX

 

[Lea S]

My take from a micro-structure perspective:


Most of this move wasn’t driven by broad fundamental conviction — it came from repeated liquidity sweeps on XAU/USD across the 1–5m charts.
The August–September structure was extremely sweep-heavy, and most of the later “breakout legs” were actually built on thin rotations rather than real trend-building order flow.

The HTF narrative makes sense, but for intraday traders the key level wasn’t $3,700 — it was the first compression after the sweep.
Once that compression held, algorithms pushed the continuation.

I’m still watching the same behavior now:
If the next pullback compresses instead of widening, the bullish structure can continue.
If it widens quickly, the momentum will fade long before the next macro target.

 

[Lea S]

Decent weekly summary — but from an intraday trader’s perspective, gold hasn’t been driven only by macro expectations lately.
The biggest rotations came immediately after liquidity grabs around session opens (especially NY).

Last week, nearly every impulsive move began with a stop-hunt, not with fundamental catalysts.
Macro sets the broad direction, yes — but the actual entries and exits have been dominated by order-flow imbalances.

Would be interesting to see whether your outlook accounts for that layer of behavior or focuses mainly on the broader trend.

 

[CSFX.Support]

Commodity Analysis – Gold Rises as Oil Slips Ahead of Key US Economic Data.​

Headlines & Market Snapshot Summary​

Commodities are trading mixed as precious metals extend gains on safe-haven flows and a softer U.S. Dollar, while energy markets remain under pressure amid rising U.S. crude inventories and uncertainty surrounding upcoming sanctions. Gold approaches the $4,100 level, silver tests weekly highs, WTI stays weak near $60.00, and natural gas remains within its ascending channel with signs of renewed buying.​

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Market Overview​

Precious metals continue benefiting from risk-off sentiment stemming from a global equity pullback, concerns over AI-driven market overheating, and a cooling U.S. labor market. Gold and silver maintain upward momentum, supported by weaker U.S. Dollar conditions and increasing expectations of a December Fed rate cut.
Energy markets remain volatile as rising U.S. stockpiles weigh on crude oil, while natural gas trades within a strong technical channel despite muted momentum. Traders now await the FOMC minutes, delayed U.S. NFP data, and major geopolitical signals impacting both metals and energy prices.​

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Technical Summary Table (Compact Overview)​

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Analyst Commentary Per Asset​

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1. GOLD (XAU/USD)​

Gold is climbing toward the $4,100 level for a second straight day, driven by a softer U.S. Dollar and safe-haven inflows. The market is awaiting today’s FOMC minutes and Thursday’s NFP release, which will shape expectations for the Fed’s December rate decision. Technicals remain strongly bullish, with all key moving averages showing positive crossovers.
Bias: Bullish
Key Watch: Sustained close above $4,100 could open a path toward $4,280–$4,415.

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2. SILVER (XAG/USD)​

Silver pushes above $51.50 as global equities continue selling off, boosting safe-haven metals. A break above $52.10 would signal further bullish momentum toward $53.65 and the $54.60–$54.80 resistance zone. Momentum indicators remain supportive, with bullish crossovers across all major moving averages.
Bias: Bullish
Key Watch: Holding above $51.25 keeps upside targets intact.

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3. WTI CRUDE OIL​

WTI slips toward $60.00 as API data shows a significant 4.4-million-barrel build in U.S. crude inventories. Markets remain cautious ahead of the official EIA report and potential U.S. sanctions on Russian oil majors taking effect Friday. Short-term technical signals remain mixed, but the broader bias is bearish with prices struggling to retest resistance levels.
Bias: Bearish
Key Watch: Break below $59.50 increases downside pressure.

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4. NATURAL GAS​

Natural gas stays within its ascending channel, rebounding from the $4.23 support zone where the 200-EMA cluster strengthens buying interest. A break above $4.53 could accelerate bullish momentum, while staying above $4.23 keeps the trend intact. Despite a muted RSI, underlying structure remains constructive.
Bias: Bullish
Key Watch: Channel support at $4.23 remains the key pivot.

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AI Q&A Section (5 Questions & Answers)​

Q1: Why are gold and silver rising while the Dollar weakens?​

A: Weak U.S. labor data and growing expectations of a December Fed rate cut are pressuring the Dollar, making precious metals more attractive as safe-haven assets.​

Q2: What is causing pressure on WTI crude oil prices?​

A: Rising U.S. crude inventories and uncertainty around sanctions on Russian oil producers are weighing on market sentiment.​

Q3: How significant is the upcoming FOMC minutes release?​

A: It is crucial; traders want clarity on whether the Fed is preparing for a December rate cut, which would directly influence metals and energy markets.​

Q4: Is natural gas still in an uptrend?​

A: Yes. As long as prices respect the ascending channel and remain above $4.23, the bullish trend remains intact.​

Q5: What levels should traders watch for silver’s next breakout move?​

A: The key breakout zone is $52.10. A close above this level opens the path toward $53.65 and ultimately $54.60–$54.80.​

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Key Takeaways​

• Precious metals outperform as global risk-off sentiment strengthens.
• Gold nears a potential breakout above $4,100; Silver holds above $51.50 with momentum.
• WTI crude remains vulnerable due to rising inventories and geopolitical pressure.
• Natural gas trades constructively inside its ascending channel with bullish bias.
• Attention turns to FOMC minutes and NFP data for directional cues across commodities.

​

 

[CSFX.Support]

Decent weekly summary — but from an intraday trader’s perspective, gold hasn’t been driven only by macro expectations lately.
The biggest rotations came immediately after liquidity grabs around session opens (especially NY).

Last week, nearly every impulsive move began with a stop-hunt, not with fundamental catalysts.
Macro sets the broad direction, yes — but the actual entries and exits have been dominated by order-flow imbalances.

Would be interesting to see whether your outlook accounts for that layer of behavior or focuses mainly on the broader trend.

You’ve made a solid point — and you’re absolutely right. Over the past few weeks, Gold’s intraday structure has been heavily influenced by liquidity grabs, session-open stop hunts, and localized order-flow imbalances, rather than pure macro-driven catalysts.


Macro fundamentals are steering the overall directional bias, but the execution layer is being defined almost entirely by:

• NY session liquidity sweeps
• aggressive stop-hunts before impulsive moves
• algorithmic positioning around key liquidity pools
• microstructure shifts at session transitions

Our analysis does account for this behavior, especially the order-flow triggers that consistently align with the start of major impulses. But your point stands — capturing the full picture requires blending both macro direction with intraday liquidity dynamics.


Now we share more analysis report, incorporating both macro bias and the microstructure patterns that have been driving short-term volatility.

 

[CSFX.Support]

Commodity Analysis – Gold, Silver, Oil & Natural Gas Outlook Ahead of US NFP​

Headlines & Market Snapshot Summary
Precious metals and energy markets are trading cautiously on Thursday as investors await the US Nonfarm Payrolls (NFP) report for clear direction. Gold and Silver remain under pressure from a stronger US Dollar, Crude Oil struggles due to persistent oversupply concerns despite a modest intraday rebound, while Natural Gas continues to outperform, holding firmly within a rising bullish channel.

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Market Overview
Market sentiment remains fragile ahead of the delayed US NFP release, which is expected to significantly influence Federal Reserve policy expectations. The US Dollar trades near multi-month highs as reduced chances of an additional Fed rate cut continue to weigh on non-yielding assets like Gold and Silver. Crude Oil sees limited recovery despite US sanctions on Russia and a bullish EIA inventory report, as global oversupply concerns persist. Meanwhile, Natural Gas maintains a strong upward trend, supported by robust technical momentum and consistent higher lows across the chart.

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Technical Summary (Compact Table)

Asset	RSI	Trend Bias	Key Support	Key Resistance	Trade Signal
Gold (XAU/USD)	52.28	Bullish	3853.08 / 3720.41	4282.57 / 4415.24	Buy @ 4034.37
Silver (XAG/USD)	55.73	Bullish	49.44 / 47.10	52.20 / 54.10	Buy @ 50.03
Crude Oil (WTI)	47.29	Neutral–Bearish	57.52 / 55.97	62.54 / 64.09	Sell @ 59.85
Natural Gas (NG)	75.40	Strong Bullish	3.02 / 2.82	3.65 / 3.85	Buy @ 4.41

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Analyst Commentary Per Asset

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Gold (XAU/USD) – Holding Modest Losses Ahead of NFP
Gold trades slightly lower in early European hours as traders remain cautious ahead of the US NFP release. A stronger US Dollar and improved risk sentiment have limited upside potential for the metal, although concerns over slowing US economic momentum—following the longest government shutdown—are helping prevent deeper declines. The broader structure remains constructive as long as prices hold above the $4,000 area, though stronger selling pressure would be required to confirm a reversal of this week’s recovery.
Trade Setup:
Limit Buy: 4034.37
Take Profit: 4144.75
Stop Loss: 3977.98

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Silver (XAG/USD) – Consolidating Near $51 with Bullish Bias
Silver has eased from highs near $52.00 after the US Dollar strengthened on hawkish FOMC minutes. The metal now trades around $51.00, with the broader bullish trend intact above the critical $50.00 region. Price action shows indecision, indicated by extended wicks on recent candles. A break above $52.00 would restore upward momentum, while a drop below the $50.00 confluence zone could open downside toward $49.35 and $48.90.
Trade Setup:
Limit Buy: 50.03
Take Profit: 52.20
Stop Loss: 48.90

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Crude Oil (WTI) – Pressured by Oversupply Despite Inventory Draw
WTI Crude trades below $60.00 as oversupply concerns continue to dominate sentiment. While the EIA reported a bullish 3.426M-barrel draw, expectations of rising global output and softening demand are limiting gains. Additional sanctions on Russia offer mild support, but reports of US-Russia negotiations to end the Ukraine conflict reduce expectations of long-term export disruptions. Overall, the recovery remains shallow amid a still-bearish broader structure.
Trade Setup:
Limit Sell: 59.85
Take Profit: 59.12
Stop Loss: 60.35

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Natural Gas (NG) – Strong Uptrend Within Rising Channel
Natural Gas continues to outperform commodities, holding firmly within a rising channel as bullish momentum extends. Prices trade near $4.52, supported by a strong pattern of higher lows and favorable momentum indicators. A breakout above $4.67 would open the way toward $4.82–$4.90, while a break below $4.45 may trigger a correction toward $4.30.
Trade Setup:
Limit Buy: 4.41
Take Profit: 4.70
Stop Loss: 4.30

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AI Q&A — Quick Expert Insights
Q1: Why are Gold and Silver struggling despite recent rebounds?
As the US dollar strengthens ahead of the NFP report, it reduces demand for non-yielding metals.
Q2: What keeps Crude Oil from rallying despite a bullish EIA report?
Persistent oversupply concerns, rising global production, and weaker demand outlooks.
Q3: Why is Natural Gas outperforming other commodities?
Strong technical momentum, higher lows, and continued demand within seasonal patterns support it.
Q4: What level is critical for Silver to maintain its bullish structure?
The $50.00 region—losing this level would open deeper downside targets.
Q5: What could shift market sentiment after today?
The US Nonfarm Payrolls report may significantly alter interest-rate expectations and market risk appetite.

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Key Takeaways

• Precious metals trade cautiously under Dollar strength ahead of NFP.
• Gold remains supported above $4,000 but lacks strong bullish momentum.
• Silver holds a bullish structure, with key support at $50.00.
• Crude Oil struggles due to oversupply concerns despite mixed inventory data.
• Natural Gas remains the strongest commodity, supported by a rising trend channel and bullish technicals.
• Significant volatility is expected after the US NFP release.

 

[HB123]

Commodity Analysis – Gold, Silver, Oil & Natural Gas Outlook Ahead of US NFP​

Headlines & Market Snapshot Summary
Precious metals and energy markets are trading cautiously on Thursday as investors await the US Nonfarm Payrolls (NFP) report for clear direction. Gold and Silver remain under pressure from a stronger US Dollar, Crude Oil struggles due to persistent oversupply concerns despite a modest intraday rebound, while Natural Gas continues to outperform, holding firmly within a rising bullish channel.

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Market Overview
Market sentiment remains fragile ahead of the delayed US NFP release, which is expected to significantly influence Federal Reserve policy expectations. The US Dollar trades near multi-month highs as reduced chances of an additional Fed rate cut continue to weigh on non-yielding assets like Gold and Silver. Crude Oil sees limited recovery despite US sanctions on Russia and a bullish EIA inventory report, as global oversupply concerns persist. Meanwhile, Natural Gas maintains a strong upward trend, supported by robust technical momentum and consistent higher lows across the chart.

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Technical Summary (Compact Table)

Asset	RSI	Trend Bias	Key Support	Key Resistance	Trade Signal
Gold (XAU/USD)	52.28	Bullish	3853.08 / 3720.41	4282.57 / 4415.24	Buy @ 4034.37
Silver (XAG/USD)	55.73	Bullish	49.44 / 47.10	52.20 / 54.10	Buy @ 50.03
Crude Oil (WTI)	47.29	Neutral–Bearish	57.52 / 55.97	62.54 / 64.09	Sell @ 59.85
Natural Gas (NG)	75.40	Strong Bullish	3.02 / 2.82	3.65 / 3.85	Buy @ 4.41

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Analyst Commentary Per Asset

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Gold (XAU/USD) – Holding Modest Losses Ahead of NFP
Gold trades slightly lower in early European hours as traders remain cautious ahead of the US NFP release. A stronger US Dollar and improved risk sentiment have limited upside potential for the metal, although concerns over slowing US economic momentum—following the longest government shutdown—are helping prevent deeper declines. The broader structure remains constructive as long as prices hold above the $4,000 area, though stronger selling pressure would be required to confirm a reversal of this week’s recovery.
Trade Setup:
Limit Buy: 4034.37
Take Profit: 4144.75
Stop Loss: 3977.98
View attachment 344658

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Silver (XAG/USD) – Consolidating Near $51 with Bullish Bias
Silver has eased from highs near $52.00 after the US Dollar strengthened on hawkish FOMC minutes. The metal now trades around $51.00, with the broader bullish trend intact above the critical $50.00 region. Price action shows indecision, indicated by extended wicks on recent candles. A break above $52.00 would restore upward momentum, while a drop below the $50.00 confluence zone could open downside toward $49.35 and $48.90.
Trade Setup:
Limit Buy: 50.03
Take Profit: 52.20
Stop Loss: 48.90
View attachment 344659

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Crude Oil (WTI) – Pressured by Oversupply Despite Inventory Draw
WTI Crude trades below $60.00 as oversupply concerns continue to dominate sentiment. While the EIA reported a bullish 3.426M-barrel draw, expectations of rising global output and softening demand are limiting gains. Additional sanctions on Russia offer mild support, but reports of US-Russia negotiations to end the Ukraine conflict reduce expectations of long-term export disruptions. Overall, the recovery remains shallow amid a still-bearish broader structure.
Trade Setup:
Limit Sell: 59.85
Take Profit: 59.12
Stop Loss: 60.35
View attachment 344660

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Natural Gas (NG) – Strong Uptrend Within Rising Channel
Natural Gas continues to outperform commodities, holding firmly within a rising channel as bullish momentum extends. Prices trade near $4.52, supported by a strong pattern of higher lows and favorable momentum indicators. A breakout above $4.67 would open the way toward $4.82–$4.90, while a break below $4.45 may trigger a correction toward $4.30.
Trade Setup:
Limit Buy: 4.41
Take Profit: 4.70
Stop Loss: 4.30
View attachment 344661

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AI Q&A — Quick Expert Insights
Q1: Why are Gold and Silver struggling despite recent rebounds?
As the US dollar strengthens ahead of the NFP report, it reduces demand for non-yielding metals.
Q2: What keeps Crude Oil from rallying despite a bullish EIA report?
Persistent oversupply concerns, rising global production, and weaker demand outlooks.
Q3: Why is Natural Gas outperforming other commodities?
Strong technical momentum, higher lows, and continued demand within seasonal patterns support it.
Q4: What level is critical for Silver to maintain its bullish structure?
The $50.00 region—losing this level would open deeper downside targets.
Q5: What could shift market sentiment after today?
The US Nonfarm Payrolls report may significantly alter interest-rate expectations and market risk appetite.

​

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Key Takeaways

• Precious metals trade cautiously under Dollar strength ahead of NFP.
• Gold remains supported above $4,000 but lacks strong bullish momentum.
• Silver holds a bullish structure, with key support at $50.00.
• Crude Oil struggles due to oversupply concerns despite mixed inventory data.
• Natural Gas remains the strongest commodity, supported by a rising trend channel and bullish technicals.
• Significant volatility is expected after the US NFP release.

Do you have a record of all the signals/trades you have recommended and your PnL?

 

[CSFX.Support]

Weekly Commodity Analysis – Gold, Silver, Oil & Natural Gas Slip Ahead of Key Fed Signals.​

Headlines & Market Snapshot Summary
Commodity markets are ending the week on a cautious note as fading expectations for a near-term Federal Reserve rate cut and uncertainty stemming from delayed U.S. economic data continue to limit risk appetite. Gold and Silver are losing upside momentum, Crude Oil remains pressured by soft global demand indicators, and Natural Gas is consolidating within a tight range as weather models shift and storage levels stay elevated. With September-dated U.S. economic releases expected to have a limited immediate market impact, traders across the U.S. and UK are shifting focus toward upcoming Federal Reserve commentary ahead of the November 29 blackout period.

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Market Overview
The commodity complex is trading defensively as markets reassess the likelihood of a December Fed rate cut. Gold continues to stabilize above the $4,000 mark but struggles to extend last week’s rally, while Silver consolidates near multi-week highs despite Dollar strength. Crude Oil remains trapped in a broader downtrend, pressured by soft demand signals and rising U.S. inventories. Natural Gas remains supported by seasonal heating demand expectations but capped by comfortable storage and varying weather forecasts. With US Retail Sales, PPI, and Durable Goods Orders tied to September data, their market influence is expected to be muted, placing greater emphasis on upcoming Fed communication.

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Technical Summary Table

Asset	RSI	Stochastic	Trend Bias	Key Support	Key Resistance	Suggested Trade
Gold (XAU/USD)	52.05 (Bullish)	45.65 (Neutral)	Buy Bias	3853.08	4282.57	Buy Limit 4036.81 / TP 4166.92 / SL 3981.85
Silver (XAG/USD)	52.01 (Bullish)	49.52 (Neutral)	Buy Bias	48.84	52.08	Buy Limit 49.37 / TP 52.43 / SL 47.87
Crude Oil (WTI)	40.36 (Neutral)	26.18 (Sell Zone)	Sell Bias	57.52	62.54	Sell Limit 58.72 / TP 56.86 / SL 60.02
Natural Gas (NG)	74.37 (Bullish)	91.93 (Overbought)	Buy Bias	3.02	3.65	Buy Limit 4.46 / TP 4.77 / SL 4.32

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Analyst Commentary per Asset
GOLD — Weekly Analysis
Gold is losing momentum after last week’s 2% rise but continues to defend the $4,000 psychological level. Softer U.S. labor indicators—highlighted by ADP job losses and slower job creation—initially provided support, but Fed minutes signaled resistance to easing policy, capping further upside. Markets now await U.S. Retail Sales, PPI, and Durable Goods Orders, though their relevance is diminished due to the data backlog. A firmer U.S. Dollar may pressure Gold near-term, while dovish Fed commentary could reignite bullish interest.
Market Direction: Buy
Sentiment: Bullish while above $4,000

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SILVER — Weekly Analysis
Silver is undergoing a mild pullback after last week’s rally but remains structurally bullish above the $49–50 support zone. Dollar strength and cautious Fed expectations are keeping buyers restrained. A breakout above $52.70–$54.00 would likely accelerate momentum toward the $56–58 range. With upcoming U.S. data tied to the backlog, Fed communication will be the primary catalyst for directional clarity.
Market Direction: Buy
Sentiment: Bullish as long as price holds above $49

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CRUDE OIL — Weekly Analysis
Crude Oil remains on the defensive as weak global demand expectations overshadow OPEC+ supply management and geopolitical risks. U.S. inventory builds and cautious economic outlooks weigh heavily on sentiment. Although brief price recoveries emerged early in the week, follow-through has been minimal. Stronger Dollar conditions and uncertainty around OPEC+ policy may maintain bearish pressure.
Market Direction: Sell
Sentiment: Bearish below $60

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NATURAL GAS — Weekly Analysis
Natural Gas continues trading sideways as shifting weather models and elevated storage keep bulls and bears balanced. Expectations of colder late-November temperatures offer periodic support, but persistent high inventories limit the upside. Production remains elevated, though temporary declines due to freeze-offs provided brief technical relief. Weather models and weekly EIA storage updates will remain primary drivers.
Market Direction: Buy
Sentiment: Bullish but overbought conditions warrant caution

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AI Q&A (Top 5 Trader Questions)
1. Is Gold likely to break below the $4,000 level this week?
Gold remains supported above $4,000, and unless Fed commentary turns sharply hawkish, a breakdown appears unlikely. Consolidation is more probable than a reversal.
2. Why is Silver struggling despite strong technical indicators?
Dollar strength and fading near-term rate-cut expectations are pressuring Silver temporarily, though the medium-term structure remains bullish.
3. What is preventing Crude Oil from recovering?
Weak demand signals, rising U.S. inventories, and skepticism about additional OPEC+ production cuts continue to suppress upside momentum.
4. Is Natural Gas overbought?
Yes. Both RSI and Stochastic indicate overbought conditions, but seasonal demand expectations are still providing support.
5. Which commodity offers the strongest risk-reward setup this week?
Silver offers the most balanced risk-reward structure, with strong support at $49–50 and clearly defined upside toward $52–54.

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Key Takeaways

• 
  
• Fading Fed rate-cut expectations are keeping commodity markets defensive.
• 
  
• Gold and Silver remain fundamentally supported but are consolidating due to stronger Dollar conditions.
• 
  
• Crude Oil faces persistent bearish pressure from weakening demand indicators.
• 
  
• Natural Gas is bullish but overbought, with weather forecasts remaining the key driver.
• 
  
• Fed commentary ahead of the November 29 blackout is expected to be the primary market catalyst this week.