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WTI Holds Range After Bouncing Off Overnight Low

COMMODITIES

WTI and Brent crude futures both trade in minor positive territory, having erased early weakness in the Asia-Pac trading session after commodities were sold on Trump putting up hurdles to the progress of the COVID stimulus bill. With the initial move lower faded, WTI now holds the lower-end of the recent range and eyes support at the Fib retracement for the November-December rally at $45.59.

Similarly, gold is rangebound - although silver slightly outperforms to trade with gains of 1% or so. USD weakness and equity outlook remains the key driver.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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