trading Tuesday, on a routine downside correction and some chart consolidation following decent gains posted Monday, which did provide the bulls with some fresh technical strength.
With no major geopolitical fires burning at present and Covid-19 mostly tamped down in most major economies, focus of traders and investors is on mostly upbeat quarterly corporate earnings reports and the still-easy monetary policies of the major central banks of the world.
Nymex crude oil prices are higher, hit a six-week high, and are trading around $65.60 a barrel.
U.S.
Technically, June gold futures bulls have regained the overall near-term technical advantage and have restarted a price uptrend on the daily bar chart, with Monday’s good gains.
The silver bulls have the overall near-term technical advantage and have restarted a price uptrend on the daily bar chart.