Gold price falls but WTI crude price and natural gas price hold steady
Gold is under some sustained selling pressure, while both oil and natural gas have moved higher.
Gold continues to retreat
The spot gold price has fallen in early trading continuing the pullback from the record high.
The move below $2900.00 seems to signal more downside ahead, with the $2790.00 highs from late October the first possible destination.
WTI rebounds from Wednesday low
While indices and gold fell yesterday, WTI crude oil managed to rally, though it recently hit a two-month low.
Lower intraday highs over the past two weeks have put further pressure on the price, and it would need a move back above $71.00 to suggest that a low has formed. Further declines head to $68.00 and then the November low at $67.00.
Natural gas edges higher
The natural gas price edged lower yesterday after losses on Wednesday. Some signs of buying have been seen in early trading, and the strong move higher from the beginning of February remains intact.
Further gains target 4360, while a drop below 3900 would open the way to the rising 50-day moving average.
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