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WTI, Brent Bounce But Still Heavy on the Week

COMMODITIES
  • The Vienna meeting between representatives of the European Union, US and Iran this week remains a focus, with markets watching for any reconciliation that could lead to Iranian oil supply re-entering the global market.
  • For WTI and Brent crude futures key directional triggers remain at $65.41, the Apr 1 high in Brent and key support at $60.33, Mar 23 low and the bear trigger. For WTI, directional triggers are $62.27, Mar 30 high and support at $57.25, Mar 23 low and the bear trigger.
  • In precious metals markets, gold gave up early gains, with a slightly firmer greenback helping pull prices a little lower throughout the European morning. Silver slightly outperforms, higher by just over 0.25% at pixel time.

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