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WTI Prints Recovery High, Breaks Through 50-Day EMA

COMMODITIES

WTI futures printed a new recovery high late Wednesday at 88.42, resulting in a clear break of both the 20- and 50-day EMAs. This signals scope for a stronger reversal and opens the $90.00 handle in the interim. Initial firm support is at $79.14, the Sep 30 low. 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. Sights are on $1735.1, the Sep 12 high and a key short-term resistance. Initial support is at $1695.2, the former trendline resistance-now-support.


  • WTI Crude up $0.46 or +0.52% at $88.5
  • Natural Gas up $0.1 or +1.46% at $7.049
  • Gold spot up $0.29 or +0.02% at $1718.47
  • Copper up $7.05 or +2.01% at $357.55
  • Silver down $0.12 or -0.57% at $20.5471
  • Platinum up $2.89 or +0.31% at $923.21
Energy BulletsCommodities
Energy BulletsCommodities

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