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Newedge and MTS launch Agency Cash Management (ACM) platform for tri-party repo market
Newedge, a global leader in multi-asset brokerage and clearing, has launched its Agency Cash Management platform, a new electronic auction facility for the tri-party repo market.
Read more...OIL FUTURES: Nymex Crude Settles +1.6%; Brent-WTI Spread Narrows
OIL FUTURES: Nymex Crude Settles +1.6%; Brent-WTI Spread Narrows
Read more...An Elusive Bear Market Low in Natural Gas
Natural Gas futures were trading for around 3.58 in November when we projected a possible bear-market low at $2.30. Imagine our excitement when, ten days ago, on January 23, the March futures contract trampolined from within exactly 1.6 cents of our target, shattering the despair and deathly calm of a relentless, multiyear sinking spell that had not seen respite since last spring.
Read more...Autochartist - Daily Commodities Update: Natural Gas
Natural Gas futures continued to creep higher following the plunge into multi-year lows. Autochartist has identified the latest push as a significant retest of key level resistance which may portend a price recovery in the near term. Monday's trading action carried the market above the key level at $2.55 per million BTU with a close near the session highs.
Read more...Autochartist - Daily Commodities Update: Silver
Silver futures rallied alongside the rest of the precious metals to move within striking distance of the $35 per ounce level by the close of the session. The broader strength in precious metals helped to underpin the technical strength seen on the silver chart. Autochartist has identified key resistance near the current price, in the form of the Ascending Wedge chart pattern show here.
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