NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

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MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

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MNI China Daily Summary: Tuesday, April 30

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BoE Data Watch

RBA Data Watch

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Uptrend Intact

OIL

Crude futures slightly softer in Asia but sticking to yesterday's range. WTI and Brent crude futures traded inside the week's range Tuesday, but importantly WTI held north of $80/bbl. This keeps the bullish case intact as markets continue to position for tighter winter supply in the coming months. This week's gains confirm an extension of the current bullish price sequence of higher highs and higher lows, reinforcing the uptrend. Note that the $80.00 psychological hurdle has also been cleared. The focus is on $81.60, a Fibonacci projection. Note that inventory figures have been delayed by a day due to the US Columbus Day holiday while the IEA releases its World Energy Outlook later today.

Energy BulletsCommodities
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