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WTI Uptrend Intact For Now

COMMODITIES

The uptrend in WTI futures remains intact. Friday’s print above $77.15, the Jul 13 high, reinforces the bullish theme. A clear break of this resistance would confirm a resumption of the trend and open $78.10, the Apr 24 high. Gold conditions remain bullish for now and the latest pullback is considered corrective. Last week’s print above $1985.3, the May 24 high, reinforces current conditions. A resumption of gains would pave the way for a climb towards $1998.1.

  • WTI Crude down $0.24 or -0.31% at $76.84
  • Natural Gas down $0.01 or -0.18% at $2.708
  • Gold spot down $1.16 or -0.06% at $1960.53
  • Copper down $2.95 or -0.77% at $378.75
  • Silver down $0.11 or -0.44% at $24.498
  • Platinum down $1.86 or -0.19% at $963.45
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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