Gold price rises but WTI crude price and natural gas price struggle
While gold is moving higher again, oil and natural gas prices are still under pressure.
![Oil](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/GT_oil_pumps_18-04-24.jpg/jcr:content/renditions/original-size.webp)
Gold moves higher
The spot gold price recovered yesterday and has continued to move higher overnight.
A higher low may now be formed, putting the price on course to target $2450 and then on to the highs of last week at $2483. A close back below $2380 would set the price on a path to test the 50-day simple moving average (SMA), currently $2361.
![Gold chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/platform-article-images/Gold240724.png/jcr:content/renditions/original-size.webp)
WTI still falling
WTI crude oil hit a fresh two-month low yesterday, and while it rebounded off the lows it has yet to see a higher close that might suggest a low has formed.
If the price fails to hold above the 200-day SMA ($78.30), then the bearish view remains in place and more selling may drive it lower. Buyers will need a close above $78.30 to suggest that the current downward move has played itself out.
![WTI crude oil chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/platform-article-images/WTI240724.png/jcr:content/renditions/original-size.webp)
Natural gas bounce stalls
Expectations of ample natural gas supply have driven price sharply lower over the last two months.
While the price bounced last week, the gains faltered on Tuesday and more losses have been seen this morning. Further losses will test the lows of last week around 2060.
Buyers will want to see a recovery above 2300 to revive the momentum of the first two days of this week.
![Natural gas chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/platform-article-images/NGas240724.png/jcr:content/renditions/original-size.webp)
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
![](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/Rebrand/Article_banners/Commodities-global-component-banner.jpg/jcr:content/renditions/original-size.webp)
React to volatility on commodity markets
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
See opportunity on a commodity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on a commodity?
Don’t miss your chance. Upgrade to a live account to take advantage.
- Analyse and deal seamlessly on fast, intuitive charts
- Get spreads from just 0.3 points on Spot Gold
- See and react to breaking news in-platform
See opportunity on a commodity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.