CEE: ROMANIA-Pres: Jet Shoots Down Drone In Romanian Airspace

A short-term bearish theme in WTI futures remains intact and the bear extension last week plus fresh cycle lows this week, reinforces current conditions. The contract has traded through a key support at $75.45, the Apr 17 low. This signals scope for a move towards the $70.00 handle. Key short-term resistance has been defined at $93.42, the Jun 3 high. Initial firm resistance is at $84.55, the 50-day EMA. A bearish theme in Gold remains intact and recent gains appear to have been corrective. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend. The metal recently pierced a key medium-term support at $4099.2, the Mar 23 low. A clear break of this level would highlight an important bearish development and open $4000.0 and below. Initial firm resistance is $4304.3, the 20-day EMA.

• WTI Crude down $1.28 or -1.75% at $71.95
• Natural Gas up $0.01 or +0.38% at $3.159
• Gold spot down $40.2 or -0.98% at $4077.46
• Copper down $2.15 or -0.35% at $619
• Silver down $0.25 or -0.4% at $61.3427
• Platinum down $18.74 or -1.13% at $1635.92

Trend signals in EuroStoxx 50 futures are unchanged, they remain bullish, highlighted by moving average studies that are in a bull-mode position. A key short-term resistance at 6174.00, the May 25 high, has recently been breached. This confirmed a resumption of the primary uptrend and sights are on the 6400.00 handle next. Firm support lies at 6056.57, the 50-day EMA. The trend structure in S&P E-Minis remains bullish and the latest pullback appears corrective - for now. Moving average studies are in a bull-mode position and this continues to highlight a dominant uptrend. A resumption of gains would strengthen a short-term bull theme and open 7693.75, the Jun 2 high and a medium-term bull trigger. Key short-term support lies at 7292.25, the Jun 11 low. Support at the 50-day EMA is at 7396.14.

• Japan's NIKKEI closed lower by 613.41 pts or -0.88% at 69174.97 and the TOPIX ended 26.62 pts lower or -0.67% at 3963.76.
• Elsewhere, in China the SHANGHAI closed higher by 4.562 pts or +0.11% at 4110.813 and the HANG SENG ended 75.9 pts higher or +0.33% at 23412.18.
• Across Europe, Germany's DAX trades lower by 187.92 pts or -0.75% at 24706.1, FTSE 100 lower by 3.08 pts or -0.03% at 10425.75, CAC 40 up 13.91 pts or +0.17% at 8354.62 and Euro Stoxx 50 down 8.59 pts or -0.14% at 6221.96.
• Dow Jones mini down 73 pts or -0.14% at 52009, S&P 500 mini up 8.25 pts or +0.11% at 7445.5, NASDAQ mini up 145.25 pts or +0.49% at 29811.25.

• ERZ6 97.56/97.68cs vs 97.06p, bought the cs for flat in 3k.

This was bought Yesterday for -0.25 in 40k.