Free Trial

WTI Approaches Week Highs Amid Dollar Weakness

COMMODITIES

WTI futures traded higher again Thursday. Bearish conditions remain intact though and the climb from Monday’s low is considered corrective. The contract has recently cleared support at $80.89, Sep 8 low. Gold has recovered from Wednesday's low of $1615.0. Short-term gains are considered corrective and the downtrend remains intact. The next resistance is at $1678.3, the 20-day EMA.


  • WTI Crude up $0.96 or +1.18% at $82.06
  • Natural Gas up $0.07 or +1.02% at $6.934
  • Gold spot up $10.05 or +0.61% at $1671.34
  • Copper up $5 or +1.46% at $346.9
  • Silver up $0.33 or +1.74% at $19.1525
  • Platinum up $10.89 or +1.26% at $877.73
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.