Not surprisingly, given the Saudi pipeline disruption, Oil gapped up to the commence the session and is above today’s Neutral Zone, whilst the Spoo gapped down and is below its Neutral Zone as too are the Euro, Swiss Franc and Copper; BEGOS Markets’ volatility is moderate, the Euro notably having traced 107% of its EDTR (see Market Ranges). The Gold Update points to the weekly parabolic trend as still Long, but that it may be in jeopardy by month’s end should the Dollar be getting the bid to purchase Oil. By Market Trends, six of the eight BEGOS components are now in negative linreg, the two positive exceptions being (of course) Oil and (barely) Copper. Oil’s best Market Rhythm for pure swing consistency is the 6hr Parabolics, or if seeking a profit target, the 12-Hour MACD which achieved at least 35 full points (both Long and Short) through nine of the past ten crossovers beginning back on 06 May. Nothing is due today for the Econ Baro with 15 metrics scheduled into the balance of the week. The FOMC Policy Statement comes Wednesday: we reason in The Gold Update “no change” albeit consensus (and rightly so) is for a 25bp FedFunds rate hike.