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U.S. Q3 economic growth unrevised in second estimate

U.S. durable goods orders sustain robust growth

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

U.S. House prices increase slightly in July

U.S. weekly jobless claims unexpectedly decrease

Reserve Bank of India likely to stand pat in December

Germany's unemployment exceeds expectations in September

U.S. existing home sales decline in August

United States building permits

U.S. vehicle sales fall again in November

U.S. Consumer Confidence falls in September

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Commodities snapshot (energy)

Tuesday, October 24, 2017 12:24 PM UTC

Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,

Oil (WTI) –

  • WTI is testing key resistance around $52 area, higher on OPEC optimism. Today’s range $51.5 -52.4
  • Active call – Buy targeting $56 per barrel
  • WTI is currently trading at $52.2/barrel. Immediate support lies at $49 area and resistance at $53 area.

Oil (Brent) –

  • Brent is down this week, contrasting with WTI. Today’s range - $57-57.9
  • Brent is trading at $5.4 per barrel premium to WTI.
  • Brent is trading at $57.6/barrel. Immediate support lies at $54 area and resistance at $59 region.

Natural Gas –   

  • Natural gas continues its consolidation in a narrow range. Today’s range $3.01-2.95
  • Natural Gas is currently trading at $2.97/MMBtu. Immediate support lies at $2.75 area & resistance at and $3.12

WTI

        +0.69%

Brent

        -0.55%

Natural Gas

        +2.41%


           

 

 

 

 

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