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Oil, Metals Moderate Into Friday Close

COMMODITIES

After the week's sharp rally, WTI and Brent crude futures have moderated slightly but continue to hold close to the top-end of the recent range. Soft equity markets Friday are largely responsible for the pullback in commodity prices, with Brent futures dipping back below the $50/bbl mark.
Precious metals are seeing little support from soft risk sentiment early Friday, with spot gold still pinned between the 50- and 200-dma directional triggers. These levels lie at $1875.29 and $1809.67 respectively.

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