• Crude oil prices have edged higher after a mixed session, poking to two-week highs. Moves were partly supported by at least a temporary halt of Kurdish exports through Turkey and the Ceyhan pipeline after a recent international ruling.
  • WTI is +0.8% at $73.36, pushing through resistance at $73.10 (Mar 27 high) to open $75.12 (50-day EMA).
  • Today’s most active strikes in the CLK3 have overwhelmingly been $80 and $79.5 calls.
  • Brent is +0.8% at $78.78, through tightly packed resistance around $78.4 to open the 50-day EMA of $80.89.
  • Gold is +0.9% at $1974.34 as it gained with increasing downward pressure on the US dollar, taking a step back closer to the bull trigger at $2009.7 (Mar 20 high).

COMMODITIES: Oil Nudges To Two-Week Highs, Gold Supported By Weaker USD

Last updated at:Mar-28 19:12By: Chris Harrison
  • Crude oil prices have edged higher after a mixed session, poking to two-week highs. Moves were partly supported by at least a temporary halt of Kurdish exports through Turkey and the Ceyhan pipeline after a recent international ruling.
  • WTI is +0.8% at $73.36, pushing through resistance at $73.10 (Mar 27 high) to open $75.12 (50-day EMA).
  • Today’s most active strikes in the CLK3 have overwhelmingly been $80 and $79.5 calls.
  • Brent is +0.8% at $78.78, through tightly packed resistance around $78.4 to open the 50-day EMA of $80.89.
  • Gold is +0.9% at $1974.34 as it gained with increasing downward pressure on the US dollar, taking a step back closer to the bull trigger at $2009.7 (Mar 20 high).

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