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WTI and Brent crude futures continue to trade solidly, with both contracts higher by 0.6% or more. Contracts sit just below the week's best levels and the cycle high, but if today's gains are maintained, these key resistance levels could easily give way. First targets to the upside for WTI and Brent sit at $55.26 and $58.13 respectively.
Spot silver looks to have fully stabilised after the acute volatility earlier in the week. This keeps silver within the week's range to retain $26.287 as the first support. Spot gold trades in a similar fashion, with Tuesday's lows still first support.