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Gold, WTI Paring Yesterday's Losses

COMMODITIES

The WTI futures outlook improved for bulls last week and the short-term condition remains positive. The contract has defined a key short-term support at $81.30, the Oct 18 low. Note that resistance at $88.66, the Oct 12 high, has been breached. The break of this hurdle signals scope for gains towards $92.34, the Oct 10 high and a key resistance. On the downside, a move through support at $81.30 is required to undermine the current bull theme. A downtrend in Gold remains intact. A bearish theme follows the reversal from $1729.5, Oct 4 high. A continuation lower would open key support and a bear trigger at $1615.0, Sep 28 low. On the upside, the next firm resistance is at $1684.4, the 50-day EMA. A break of the average would signal scope for a stronger correction.


  • WTI Crude up $1.48 or +1.71% at $88.02
  • Natural Gas down $0.18 or -2.77% at $6.168
  • Gold spot up $13.73 or +0.84% at $1646.78
  • Copper up $8 or +2.37% at $346.05
  • Silver up $0.55 or +2.89% at $19.7085
  • Platinum up $14.7 or +1.58% at $945.2
Energy BulletsCommodities
Energy BulletsCommodities

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