US crude oil prices put in for another impressive 5 percent climb this past week. That ups the tally for consecutive bullish weeks to five – matching the longest stretch in three years. How steady is this trend?
US Dollar strength has held into Q2, and the ascending triangle continues to highlight USD’s longer-term congestion. Is this the week that USD bulls finally make push?
Gold is virtually unchanged on the week but remains vulnerable to further losses early in the month. These are the levels that matter on the XAUUSD weekly chart.