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Oil Sustains Bounce, Gold & Silver Lag

  • Both Brent and WTI crude futures are sustaining the modest bounce posted since late Thursday, with WTI nearing next resistance at $67.50. A break north of here opens the Oct 29, 2018 high at $67.95 and the next key upside level at $68.39.
  • Gold and silver are lagging under the weight of a firmer greenback, with the USD Index's bounce back above 90.00 keeping spot gold south of the $1900/oz mark. First support undercuts at the May 25 / May 19 low at $1872.8/52.3.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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