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WTI, Gold Holding Onto Most of Week's Gains

COMMODITIES

WTI futures printed new weekly highs of 89.37 through the Thursday close, extending gains above 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. Key support lies at $76.25, the Sep 26 low. Gold has traded sharply higher earlier this week and has held the bulk of the week’s gains through to Friday morning. 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 $0.36 or +0.41% at $88.68
  • Natural Gas down $0.23 or -3.28% at $6.739
  • Gold spot up $0.15 or +0.01% at $1711.79
  • Copper down $1.3 or -0.38% at $341.8
  • Silver up $0.14 or +0.66% at $20.7677
  • Platinum up $5.43 or +0.59% at $930.39
Energy BulletsCommodities
Energy BulletsCommodities

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