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WTI, Brent Stalling Ahead of Cycle Highs

COMMODITIES
  • Both WTI and Brent crude benchmarks are in modest positive territory early Friday, although gains are stalling ahead of cycle highs printed earlier in the week.
  • Gold trades steady, but came under further pressure in overnight Asia-Pac trade, pressing prices briefly to $1856.18 before rebounding amid thin liquidity.
  • Both metals and energy likely pressing pause ahead of today's Nonfarm Payrolls release, with first support for gold sitting at the overnight lows ahead of the 200-dma at $1841.70.

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