Gold price and natural gas price recover, but WTI crude price drops further
While oil prices continue to struggle, both gold and natural gas have managed to move higher.
Gold recovers above $2600
The spot gold price took a severe drubbing on Wednesday but has avoided further losses below $2600.
A possible United States (US) government shutdown has provided some support for the price. Continued gains target $2650 and then on to the recent high at $2725. In the event of a decline, the November low at $2550 could provide some support.
Spot gold daily chart
WTI continues to fall
This week has seen repeated attempts by crude oil prices to rally, but the WTI crude oil price has been unable to hold above $70.
Further declines target the recent lows at $66.70. This has marked the limit of selling pressure in recent months, moving the downtrend into a consolidation phase for the time being.
WTI crude oil daily chart
Natural gas pushes higher
A natural gas rally is firmly underway here, and the price looks to have created a higher low earlier in the month at 3000.
A resumption of the uptrend puts the price on course to target 3600.
Natural ga daily chart
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