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NatGas At New Highs

COMMODITIES
  • Oil markets were mixed Thursday, with WTI and Brent crude futures trading either side of the Wednesday close. Trading in NatGas futures was more eventful, with NatGas hitting new weekly and cycle highs at highs at $3.43 on the back of a smaller build than expected in the weekly storage change data. Jun 18 figures saw a build of 55BCF vs. Exp. 64BCF.
  • Precious metals were largely non-directional, seeing little read through from a fresh rally in stocks, which saw the S&P 500 strike another intraday record high. This keeps gold's directional parameters in tact at $1761.1 support and the 100-dma target at $1783.0.
  • Focus Friday turns to US PCE and personal income/spending numbers for May.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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