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Cable is through session low

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WTI Trades Above 20-Day EMA

COMMODITIES

WTI futures are trading closer to recent highs. The latest move higher has resulted in a print above the 20-day EMA. A continuation higher would expose a key resistance at the 50-day EMA. Gold traded sharply higher yesterday and has established a short-term bull cycle. The rally resulted in a break of the 20-day EMA and note that the yellow metal is trading above a trendline resistance, drawn from the Mar 8 high.


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WTI futures are trading closer to recent highs. The latest move higher has resulted in a print above the 20-day EMA. A continuation higher would expose a key resistance at the 50-day EMA. Gold traded sharply higher yesterday and has established a short-term bull cycle. The rally resulted in a break of the 20-day EMA and note that the yellow metal is trading above a trendline resistance, drawn from the Mar 8 high.


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