- Crude oil has seen a mixed day and is ending it broadly flat having reversed initial gains following weaker wage growth in the US payrolls report. It leaves 5+% declines for the week, the largest weekly loss in a month with weaker demand concerns winning out over the week as a whole.
- WTI is +0.3% at $73.89, still sitting close to support at $72.46 (Jan 5 low) but not troubling it having previously cleared the key short-term support at $76.79 (Dec 29 low). The day's most active strikes in the CLG3 are once again for $70/bbl puts.
- Brent is -0.1% at $78.61, also hovering above support at $77.61 (Jan 5 low).
- Gold is +2% at $1868.96, an outright winner with the USD sliding and yields tumbling. It pushes through resistance at $1865.1 (Jan 4 high) to open $1876.0 (3.0% 10-dma envelope).
- Gas: TTF ended the week down almost 10% wk/wk with warm weather extending through the two-week forecast. The front month contract has now fallen 57% since high in early December.
- Weekly moves: WTI -5.9%, Brent -4.5%, Gold +2.5%, US Nat Gas -18.6%, EU TTF Nat Gas -9%
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