Not a lot of interesting developments overnight but 3 things worth watching
Gold: hit but so far has held the triangle top/double bottom neckline resistance at $2,474-$2,478 (High today $2,477). A break above here (Close) should signal material gains towards $2,600. After the recent "risk off episode" Gold seems to be regaining its lustre as a "Geopolitical hedge"
WTI got to and broke above the breakdown gap area at $78.88-$79.17. Next resistance stands at $80.62-$80.69 and then $81.49 (76.4% pullback of the fall from the 05 July high.) Levels above there to watch are $83.11 (Downward sloping trend line) and $84.52 (July high)
This completely seems to be a "Geopolitical bid" on the back of the now dual concerns of Russia/Ukraine and the Middle East. While they remain elevated, so likely will Oil and European Nat. Gas.
Es1 continues to hold up and follow the path of both 2000 and 2007 which would suggest that it can remain bid for now. 5433-5468 still looks to be the next area of decent resistance here.
