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MNI BRIEF: Talks Intensify Seeking EU Fiscal Deal

MNI INTERVIEW2: Debt Limit A Brake On German Economy-Bofinger

MNI BRIEF: Canada Sees Record Q3 Funds Outflow On Bond Selloff

MNI: BAKER HUGHES US RIG COUNT 618; OIL RIGS 500; GAS RIGS 114

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: SlovGB Auction, BoE APF Op Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Price Signal Summary - Is Approaching Its All-Time High

OUTLOOK
  • On the commodity front, Gold traded higher earlier today to cancel any short-term bearish threat. The yellow metal has breached resistance at $2048.7, the Apr 13 high and confirmed a resumption of the broader uptrend. This maintains the bullish price sequence of higher highs and higher lows and moving average studies remain in a bull-mode set-up. The focus is on $2070.4, the Mar 8 ahead of the all-time high at $2075.5. Key support is 1969.3, the Apr 19 low.
  • In the oil space, WTI futures remain bearish and volatile - the contract has recovered from its intraday low of $63.64. The print below $64.58, the Mar 20 low and a key support, reinforces a bearish theme. A clear break of this level would confirm a resumption of the broader downtrend. The short-term trend condition is oversold and gains would be considered corrective. Initial resistance is at $71.79, yesterday’s high.
Metals Technical AnalysisForeign Exchange Technical AnalysisEM BulletMetals bulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News
Metals Technical AnalysisForeign Exchange Technical AnalysisEM BulletMetals bulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News

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