Global macro overview for 11/01/2016:

The last Friday data on the Canadian job market showed that the Canadian economy created 22,800 net jobs in December and unemployment rate remained at 7.1%. The full-time employment actually declined last month by 6,400. Moreover, Statistics Canada published its 2015 review of the labor market survey. It revealed that Canada's employment increased 0.9% over the course of the year as the labor force bulked up by 158,000 net jobs, showing the best result in three years.

The crude oil is trading just ahead of the important support at the level of 32.09. The next resistance is seen at the level of 33.32.