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Locally last week, the ASX200 advanced 0.93% Monday to Friday with the utilities, financials and healthcare sectors leading the market. Sigma Healthcare (ASX:SIG), Telix Pharmaceuticals (ASX:TLX) and Gold Road Resources (ASX:GOR) advanced the most last week, while Mineral Resources (ASX:MIN) and Liontown Resources (ASX:LTR) each declined more than 10%.

US equities closed mixed on Friday. The Dow Jones edged up 15.57 points, posting its best week since May. The S&P500 closed lower as Nvidia shares pulled back for a second day, while the tech-heavy Nasdaq closed down 0.18%.

What to watch today:

• The ASX200 is set to open lower this morning. The SPI futures are suggesting a fall of 0.21%, as investors brace for a possible acceleration in inflation.
• In commodities,
  • Oil has softened with the price of crude oil down to US$80.58 per barrel, after its second weekly advance as falling US crude inventories and an escalating conflict in the Middle east bolstered oil prices. Energy shares to watch include Santos (ASX:STO) and Woodside Energy (ASX:WDS).
  • Gold is down more than 1% to US$2,230.85 an ounce, not far from the over-one-month-low of US$2,290 touched on June 4th. Is decline is due to the pressure of a firm US dollar and lower central bank demand in Asia.
  • Iron ore is trading steady at US$106.96 per tonne, holding near the lowest level since April.
• Watch the share price movements of GUD Holdings (ASX:GUD) as they hold their AGM today, Metacash (ASX:MTS) as they release their earnings report today and Steadfast Group (ASX:SDF) with their investor briefing set for today.

Trading Ideas:

• Trading Central has identified a bullish signal in SG Fleet Group (ASX:SGF) indicating that the stock price may rise from the close of $3.15 to the range of $3.40 to $3.46 over 21 days.
• Trading Central have a bullish signal in ClearView Wealth (ASX:CVW) indiciating that the stock price may fall from the close of $0.57 to the range of $0.66 to $0.68 over 39 days, according to the standard principles of technical analysis.