- US Dollar still has long term strength.
- Sterling holding steady. Bitcoin stuck below $27K.
- US stocks, set to open flat today based on futures.
- S&P 500 Index now clearly through previous 4,200 point high.
- UK market flat, same for the DAX and CAC.
- Asia up overnight.
- Japan looking very strong, HK and China hitting cloud resistance, India long term strong.
- Oz up 1%.
- Gold weak while below the $2,000 level.
- US Bond yields looking more and more bullish.
- Energy – crude oil jumps on OPEC production cuts, but is it enough to avert the decline in prices?
- European Gas bounces off the bottom today but downtrends unchanged.
- Price targets for Coal.
- Carbon must hold lows now.
- German Power recovers this morning, but still bearish.
—
Originally Posted June 5, 2023
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