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Here we go again.. See here for global coronavirus case data The resumption of talks at the end of last month were not really too fruitful (⬆) and the from the EU camp also were also not that cordial to say the least.

July contract settles $1.34 higher at $26.70 The July contract is settling at $26.17, up $1.34 or +5.3% See here for global coronavirus case data

No real news. Just a drift back down. The last few minutes have seen the major stock indices rotate little more to the downside. The major indices are still up on the day but off the highest levels. The changes are currently near the middle of the trading ranges for the major indices.

Traded to the highest level since April 27 but not by much . Above 100 and 200 hour MAs The price of gold moved higher in trading earlier the day reaching a high price of $1723.13. That was good enough to take out the recent highs from May 1 and yesterday at around $1721.68. However, the rise stalled […]

German Dax up 1.4%. The European major indices are ending the day with gains.    The provisional closes are showing: For the week, the major indices were mixed:

% moves to the downside are increasing. The USD has taken a turn to the downside. The greenback is only higher versus the JPY but is working on erasing those gains too (up 0.14% now)  The declines vs the GBP and EUR are accelerating. The dollar is the weakest on a % basis, vs the NZD today.   

Extends toward its 200 hour moving average

June contract reaches $24.99. July contract extends to $26.29 See here for global coronavirus case data

Buyers making a play for control The 38.2% retracement at 1.24094 is the next hurdle to get to and through. The high price from yesterday came in at 1.24139 but momentum could not be sustained. 

Levels off the premarket implied highs the major US stock indices are opening higher after the record/historic jobs report which showed -20.5 million jobs lost. However, the levels are lower than the premarket highs implied by the futures.