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Since its last Friday, 24 May low of US$76.60, the West Texas Oil (a proxy of WTI crude oil futures) has rallied by 5.7%, a 3-day consecutive upmove to hit a current intraday high of US$80.86 at this time of the writing.
WTI crude may kickstart a multi-week bullish impulsive upmove as it cleared above its 200-day moving average
USD/JPY potential bearish reversal below 159.60 reinforced by high volatility with rumoured talks of FX intervention
Since our last analysis, Gold (XAU/USD) has traded sideways and held firm above the prior US$1,997 key short-term support and its upward-sloping 50-day moving average.
Gold (XAU/USD) may see a bullish breakout above US$2,090 supported by a lower US 10-year Treasury real yield and rising geopolitical risk