Charting Futures: June 3rd, 2019

This is Charting Futures for the week. On Monday, Saudi Arabia assured OPEC will keep crude in balance, despite the U.S. China trade war. Oil, flirting with a bear market. We're also watching gold, and S&P E-minis.

Looking at gold, the metal is emerging as a winner of the global trade war between the U.S. and China, including tariffs that are raising inflation concerns. In today's technical analysis we continue with gold.

This is Mike McGlone with Bloomberg Intelligence, focusing on gold. The orange chart shows gold breaking above 1300 and holding support at the mean, since the Fed first started tightening this year. It's following stock market volatility higher.

The key line in this chart is in white, and that's 260 day gold volatility it's the lowest in 20 years. Upside potential is high, which leaves the potential for long calls in my view, that's Charting Futures.

this is charting futures for the week on Monday Saudi Arabia assured OPEC will keep crude in balance despite the us-china trade war oil flirting with a bear market we're also watching gold and S&P emini x' looking at gold the metal is emerging as a winner of the global trade war between the US and China including tariffs that are raising inflation concerns in today's technical analysis we continue with gold this is Mike Malone with Bloomberg intelligence focusing on gold the orange chart shows gold breaking above 1300 and holding support at the mean since the Fed first started tightening this year it's falling stock market volatility higher the key line in this chart is in white and that's 260 Dave gold volatility it's the lowest in 20 years upside potentials high which leaves the potential for long calls in my view that's charting futures you


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