Free Trial

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.