30/09/2013 (Borneo Post) - The US is reaching its debt limit as the Federal government once again showed signs of shutting down from October 1 unless the Congress acts before the deadline.

Japan’s Prime Minister will announce his new tax-levy on October 1, as well which could affect the direction of yen.

Crude prices softened as the crisis in Syria winds down. However, fear of US budget impasse may hurt growth.

Market traders should stay on sideline and wait to act on the coming week upon major fundamental outcomes.

Gold prices swung from 1,305 to 1,344 range last week. We reckoned the market may move in either way this week though it is more prone to declining.

Technically, we have identified that support would rest at 1,300 to 1,305 region but declining below this band might go lower to test 1,260 targets.

On the other hand, piercing above 1,345 to 1,350 resistances might ascend higher to 1,370 targets!

WTI Crude prices were gradually declining last week due to the ease in war-tension.

The market has much buying interest lining up at 101.50 regions should the market drop earlier in the coming week.

We foresee the potential rebound might spring up to 105 as our reasonable target while making the short-covering phase.

However, risk needs to be controlled in case the prices declined beneath 101.50 levels as this might land lower at 99.50 areas.

Crude Palm Oil Futures (FCPO) on Bursa Derivatives ended higher on Friday due to short-covering.

The December month closed at 2,312 which was almost at its highest of the week.

Increasing inventories are still the selling factor that worries traders.

This week, we reckoned some upward correction may occur amid buy-back interest.

Piercing above 2,335 may reach up to 2,380 targets while declining beneath 2,260 could test 2,200 grounds again!