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WTI crude oil: Holding above 39.90 re-targets 40.50
WTI Crude
WTI Crude August Future staged a volatile recovery over the past 2 weeks, although it was a lot of work for a 300 tick gain, & would have been impossible to hold a long with a trailing stop. Yesterday we held above 3990/4010 re-targeting 4040/50 & 4110/20. We topped exactly here.
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GBP/USD Analysis: Bulls struggle above 1.2500 amid coronavirus jitters, Brexit uncertainties
Sustained USD selling assisted GBP/USD to gain some traction on Monday.
The upbeat market mood continued undermining the safe-haven greenback.
Concerns over rising COVID-19 cases, Brexit uncertainties capped the upside.
The GBP/USD pair built on Friday's intraday bounce of around 50 pips and gained

European reopening as planned โ US worries remain
Market movers today
Today, German factory orders and euro retail sales should hopefully show a decent rebound in May. PMIs and the German retail sales at least point in that direction.
ISM non-manufacturing is going to be very interesting, especially after the ISM manufacturing index rose above 50.
Gold Price Analysis: Acceptance above $1775 is critical for the XAU bulls โ Confluence Detector
Gold kicked-off a fresh week on the defensive amid the upbeat market mood, although held onto the $1770 level. The stimulus expectations led rally on the global stocks could likely weigh on the safe-haven. Key technical levels to watch.
The Technical Confluences Indicator shows that the yellow metal

SPX500USD SPX FUTURES ELLIOTWAVE next 2-3 months DOWN
#SPX500USD#
The 3 wave structure of the BEAR MARKET RALLY since March lows is more clear on the Dow and sector ETFs - especially XLF . Elliot wave theory calls for going to March lows again. June 8 was the end of this bear market rally and we are now completing wave c of 2 of the larger C wave

GBP/USD: A move to 1.2580 is not favoured so far โ UOB
Cableโs potential advance to the 1.2580 region in the short-term horizon seems to be losing momentum for the time being, suggested FX Strategists at UOB Group.
Key Quotes
24-hour view: โWe highlighted last Friday โmomentum has eased considerably and GBP has likely moved into a consolidation/correcti
Pull-up Update