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Major Market Ranges & Directions for the week of June 4

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The coming week (June 4-8) will continue trending behaviors with gold in a narrow range with strongly-trending monthly and weekly pivots. In lesser-trending order toward the least trending are the yen, S&P 500, crude oil and bitcoin. Soybeans has trending June pivots but sideways weekly pivots and a wide range intraweek to offset/weaken the moderate June trendiness, although I can’t rule out a pivot-based breakout from almost-inside weekly pivots.

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