The recent descending triangle off the April 25 multi-month high is now coming to a point with the recent uptrend around a cluster of other technical indicators. A break, one way of the other, may well be likely in the short-term. The recent escalation in hostilities between the US and Iran have quietened down in the last 24 hours, taking the edge off the recent crude oil rally. While relations are still tense, with both sides warning each other, recent commentary from the US Defense Secretary Patrick Shanahan has eased fears of an outright conflict. Speaking recently Shanahan said that the US’s focus at this point ... (full story)