04 June 2024 – 08:26 Central Euro Time

BEGOS Markets’ volatility is lighter than ’round this time yesterday, all eight components having thus far traced less than 50% of their EDTRs (see Market Ranges). The Swiss Franc is at present above today’s Neutral Range, whilst below same is Oil. Yesterday was a sizable up day for the currencies, both the Euro and Swiss Franc moving to nearly two-month highs. At Market Trend’s, Silver’s “Baby Blues” of trend consistency confirmed dropping below their key +80% axis, suggestive of lower prices near-term: should yesterday’s low of 29.940 go, a test of 29.000 (10 May’s high) appears structurally reasonable; Silver’s Market Profile support is 30.650 to 30.500; note as well at on our page for Silver that its EDTR presently exceeds 1.000 (the actual reading being 1.155 points per day). April’s Factory Orders come due for the Econ Baro.