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COMMODITIES: Bearish WTI Threat Remains

COMMODITIES
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Gold is unchanged and continues to trade inside a tight range, for now. The long-term trend condition remains bullish and the Oct 31 - Nov 14 bear leg appears to have been a correction. Moving average studies are in a bull-mode position. A bearish threat in WTI futures remains present and recent weakness reinforces this theme. A continuation down would open $65.74, the Oct 1 low, and $63.90, the Sep 10 low and key support.

  • WTI Crude up $0.8 or +1.19% at $67.99
  • Natural Gas up $0.16 or +5.33% at $3.241
  • Gold spot up $21.05 or +0.8% at $2654.46
  • Copper up $8 or +1.91% at $427.65
  • Silver up $0.39 or +1.25% at $31.359
  • Platinum up $19.61 or +2.11% at $951.38
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Gold is unchanged and continues to trade inside a tight range, for now. The long-term trend condition remains bullish and the Oct 31 - Nov 14 bear leg appears to have been a correction. Moving average studies are in a bull-mode position. A bearish threat in WTI futures remains present and recent weakness reinforces this theme. A continuation down would open $65.74, the Oct 1 low, and $63.90, the Sep 10 low and key support.

  • WTI Crude up $0.8 or +1.19% at $67.99
  • Natural Gas up $0.16 or +5.33% at $3.241
  • Gold spot up $21.05 or +0.8% at $2654.46
  • Copper up $8 or +1.91% at $427.65
  • Silver up $0.39 or +1.25% at $31.359
  • Platinum up $19.61 or +2.11% at $951.38