The following are forecasts for Monday’s trading session. They may, at times, be at odds with the three-day and weekly trends in the tables below.

Intraday ICE Brent crude: October futures are drawn in by the $95.00 a barrel minor support area, a decline through which has $94.52, the Feb. 11 high, in focus. Minor resistance lurks around $96.99, late March’s low, with further resistance found around Tuesday’s $98.94 low.

Weekly chart ICE Brent crude trend: Bearish.

Intraday Nymex light sweet crude: October futures remain bearish, and might well hit $97.48 a barrel minor support Monday. This level corresponds to April’s low, with $97.13, March’s low, being another potential support level. Minor resistance stands at $100.10, Thursday’s low.

Weekly chart Nymex light sweet crude trend: Bearish.

Comex gold: December gold futures are recovering and have reached $789.5 a troy ounce minor resistance Monday morning. As long as this caps, a retracement towards $770.5 minor support and Friday’s high may unfold. A gap is now in place between $773.02 and $770.5. Further support comes in around $766.8.

Weekly chart Comex gold trend: Bearish.

Intraday Comex silver: December silver futures remain bearish, but are staging a minor recovery and have so far hit $11.25 a troy ounce Monday morning. Above this, resistance sits at $11.31, the Sept. 9 low. Currently minor support at $10.99 is being probed. This is Friday’s inside day high. Further support floats around $10.92, and comes in at $10.65, the October 2006 low.

Weekly chart Comex silver trend: Bearish.

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