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WTI Futures Close to Recent Highs, Gold Recovery Continues

COMMODITIES

WTI futures are trading closer to recent highs. Bearish conditions remain intact though and the climb from last Monday’s low is considered corrective. The contract has recently cleared support at $80.89, Sep 8 low. Gold has recovered from last Wednesday's low of $1615.0. Short-term gains are considered corrective and the downtrend remains intact. The next resistance is at $1676.6, the 20-day EMA.


  • WTI Crude up $3.62 or +4.55% at $83.09
  • Natural Gas down $0.06 or -0.81% at $6.685
  • Gold spot up $4.31 or +0.26% at $1665.14
  • Copper down $4.4 or -1.29% at $337.05
  • Silver up $0.39 or +2.02% at $19.4155
  • Platinum up $4.24 or +0.49% at $868.32
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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