trading Wednesday but up from daily lows, as some profit taking from the shorter-term futures traders was featured after recent gains.
The data point of the week came this afternoon as the Federal Reserve’s two-day Open Market Committee until more progress is make on the Fed’s economic goals.
Also, President Biden later today is set to lay out to a joint session of Congress another big government spending program in order to continue to pry the U.S.
Nymex crude oil prices are higher, hit a five-week high, and trading around $64.00 a barrel.
Technically, June gold futures bulls still have the overall near-term technical advantage as prices are in a four-week-old uptrend on the daily bar chart.
First resistance is seen at this week’s high of $26.56 and then at the April high of $26.765.
Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 460.00 cents.