MNI BRIEF: ISM Expects Sluggish Growth, Sticky Services Prices

MNI BRIEF: German Infl In Line With EA, Growth Lags - GCEE

MNI BRIEF: Focus Support For Cutting-Edge Tech - Ministry

MNI BRIEF: EU Won't Necessarily Follow US on Tariffs-Gentiloni

MNI China Daily Summary: Wednesday, May 15

MNI: PBOC Conducts CNY125 Bln 1Y MLF Weds; Rates Unchanged

MNI: US TSY TICS NET FLOWS IN MAR +$102.1B

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bull Theme in WTI Persists, But No Breakout Despite Iran Attacks

COMMODITIES
Metals bulletEM BulletFixed Income BulletsHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange Bullets

The trend condition in Gold remains bullish and the yellow metal traded higher Friday, extending the current impulsive bull phase. The move higher maintains the price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode condition. A bull theme in WTI futures remains intact and the contract is consolidating but trading closer to its recent highs. Recent gains reinforced current bullish conditions and confirmed a resumption of the uptrend.

  • WTI Crude down $1.04 or -1.21% at $84.59
  • Natural Gas down $0 or -0.23% at $1.766
  • Gold spot up $5.99 or +0.26% at $2350.84
  • Copper up $4.9 or +1.15% at $430.7
  • Silver up $0.43 or +1.53% at $28.3102
  • Platinum down $6.75 or -0.69% at $970.12
116 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The trend condition in Gold remains bullish and the yellow metal traded higher Friday, extending the current impulsive bull phase. The move higher maintains the price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode condition. A bull theme in WTI futures remains intact and the contract is consolidating but trading closer to its recent highs. Recent gains reinforced current bullish conditions and confirmed a resumption of the uptrend.

  • WTI Crude down $1.04 or -1.21% at $84.59
  • Natural Gas down $0 or -0.23% at $1.766
  • Gold spot up $5.99 or +0.26% at $2350.84
  • Copper up $4.9 or +1.15% at $430.7
  • Silver up $0.43 or +1.53% at $28.3102
  • Platinum down $6.75 or -0.69% at $970.12