Since its last Friday, 24 May low of US$76.60, the West Texas Oil (a proxy of WTI crude oil futures) has rallied by 5.7%, a 3-day consecutive upmove to hit a current intraday high of US$80.86 at this time of the writing.
Since our last analysis, Gold (XAU/USD) has traded sideways and held firm above the prior US$1,997 key short-term support and its upward-sloping 50-day moving average.