Free Trial
USDCAD TECHS

Clears Key Short-Term Support

US TSYS

Bonds Weaker at the Bell, 10Y Auction Tailed

US OUTLOOK/OPINION

Barclays: Very Significant CPI Beat Needed For 75bp In Dec

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

WTI, Gold Retrace Off Wednesday Highs

COMMODITIES

WTI futures traded higher Wednesday. Bearish conditions remain intact though and the climb from Monday’s low is considered corrective. The contract has recently cleared support at $80.89, Sep 8 low. Gold bounced yesterday but has already started retracing the recovery. The trend outlook remains bearish. This week’s extension of the bear cycle confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs.


Keep reading...Show less
109 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

WTI futures traded higher Wednesday. Bearish conditions remain intact though and the climb from Monday’s low is considered corrective. The contract has recently cleared support at $80.89, Sep 8 low. Gold bounced yesterday but has already started retracing the recovery. The trend outlook remains bearish. This week’s extension of the bear cycle confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs.


Keep reading...Show less