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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.


  • WTI Crude up $0.27 or +0.32% at $83.9
  • Natural Gas up $0.01 or +0.15% at $6.48
  • Gold spot up $7.01 or +0.41% at $1706.92
  • Copper up $6.25 or +1.83% at $347.1
  • Silver up $0.25 or +1.21% at $20.9547
  • Platinum up $9.46 or +1.05% at $912.76

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