The S&P 500 did very little during the day on Monday, which of course was not a big surprise, as only the CFD markets would have been open. The NASDAQ 100 did almost nothing as well, as the 5800 level continues to be resistance.
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The WTI Crude Oil market had a volatile session, bouncing around the $50 handle. The natural gas markets gapped lower during the day on Monday, but having said that it’s also worth pointing out that Monday was Memorial Day.
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Gold prices settled at $1267.07 an ounce on Friday, scoring a gain of 0.8% on the week, as uncertainty about economic and political stability increased desire for safe-haven diversification.
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The EUR/USD pair initially tried to rally during the session on Thursday, but found enough resistance near the 1.1250 level to turn things around and form a bit of a shooting star.
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The USD/JPY pair rose slightly during the day on Thursday, as we continue to bounce around just below the 112 level. The Australian dollar initially tried to rally, but then rolled around and showed a very bearish price action.
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The S&P 500 broke higher during the session on Thursday, breaking out above the recent highs that we had seen. The NASDAQ 100 broke higher again during the day on Thursday, reaching towards the 5800 level.
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