Free Trial

Good move in Silver today. The market...>

COMMODITIES
COMMODITIES: Good move in Silver today. The market cleared channel resistance
drawn off the Sep 5 high Monday however, today's move above resistance at
$17.958, Oct 9 high confirms a bullish reversal. This leaves the way open for
$18.745. Commodity space in general (Oil and PM) looking better bid. Gold is
trading above its channel resistance drawn off Sep 4 high, however some
additional upside follow through is required and, more importantly a move
through $1519.8 would confirm a reversal higher. WTI and Brent have both
reinforced their respective current uptrends this week and likely to move
higher. WTI objective is at the $56.82 retracement next. Brent targets $63.24
next, also a retracement level.

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.