The Government yield stands around 3.3% which may pressure the commodities in the medium to long-term perspective with the rising dollar. However, the yield fell by about 0.9% while the greenback is up 0.5%, giving the market a mixed view for a potential balanced session.

U.S Indexes are little changed, slightly in the minus, and may be lurking for buyers around the swing lows in the New York trading session opening out to targeting the swing highs for selling absorption behavior.

The Euro STOXX 600 is pressured by the energy crisis in Europe and trades 0.9% lower, targeting the swing lows for potential buyers around the month’s lower value extreme in today’s session.

Crude oil bouncing around in a quite wide price range between $87 and $85, currently reverses about 1.6%, targeting the swing lows. The lower yield for the session might be supportive while the bearish bias of the macro perspective might be a pressure factor.

Gold is also mixed while down by about 0.1%, testing the lower balance extreme of the month’s VWAP perspective for buyers as the daily interval formed a micro-balanced price range, hence traders may target the swing highs to find potential sellers around the month’s upper standard deviation level later on in today’s session.

Copper found selling around the week’s upper DVAH level and trending lower towards a rotation to the particular lower value extreme, may even target the swing lows for absorption to find buying.

Any pullback in the dollar due to the session’s potential lower yield might be beneficial for the oil prices and metals to target the mentioned swing highs for absorption.

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