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WTI Approaches 50-Day EMA Ahead of Possible OPEC+ Production Cut

COMMODITIES

WTI futures are trading closer to recent highs. The latest move higher has resulted in a break above the 20-day EMA. Attention is on the key resistance at the 50-day EMA. Gold has traded sharply higher this week reinforcing the current short-term bull cycle. The rally has resulted in a break of the 20-day EMA. Note that the yellow metal has cleared a trendline resistance drawn from the Mar 8 high.


  • WTI Crude down $0 or 0% at $86.31
  • Natural Gas down $0.12 or -1.76% at $6.724
  • Gold spot down $12.49 or -0.72% at $1713.72
  • Copper up $0.4 or +0.11% at $349.3
  • Silver down $0.38 or -1.79% at $20.697
  • Platinum down $10.62 or -1.14% at $924.21
Energy BulletsCommodities
Energy BulletsCommodities

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