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WTI, Brent Inches Higher, But Resistance Intact For Now

COMMODITIES
  • Both WTI and Brent crude futures trade in minor positive territory thanks to a moderately softer greenback this morning, but key resistance levels remain intact for both benchmarks.
  • Some support may also have followed further reports of tension between Iran and Israel over the weekend, as reports circulate of an attack on power networks linked to Iran's Natanz uranium enrichment facility. Iranian spokesman have already stated there has been no interruption to activities at the site, despite some damage sustained to certain centrifuges.
  • Spot gold and silver are in minor negative territory, but trade inside recent ranges.

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