TSX Set for Soft Start as Global Markets Weaken

The S&P/TSX Composite Index is expected to begin trading on a softer note this week, tracking weakness across international markets.

Precious metals are also trading lower, with gold and silver prices hitting their lowest levels in seven weeks.

Crude oil prices have climbed more than 4% to above $96 a barrel after recovering from a 2.3% decline in the previous session due to uncertainty surrounding US-Iran diplomacy.

The index remains below its 50-day SMA of 36,009.12, with the 14-day RSI at 45.22, reflecting moderate momentum.