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Brent, WTI Roll Off Highs, Silver Consolidates

  • After the sharp Friday/Monday rally, both WTI and Brent crude futures are in negative territory ahead of the Tuesday open, as prices roll off recent highs. The key macro drivers remain the same, with focus turning to the resumption of the Iranian nuclear deal talks due to kick off again in Vienna later today.
  • Directional parameters for WTI remain unchanged at $67.02 to the upside, and the $61.56 first support.
  • Gold and silver are mixed, with gold slightly higher while silver consolidates. Today's USD weakness has failed to support prices, with silver now circling the first support at the Friday low of 27.202.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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