Gold price holds steady and WTI crude price hovers at lows while natural gas price continues to fall
While gold is still hovering in its current range and WTI is sticking close to recent lows, natural gas prices are easing back.
Gold still moves sideways
The sideways move in spot gold continues, with the price finding gains capped below $2930.00, and a new support at $2880.00 so far preventing any further downside.
Tuesday’s bounce took the price back to the top of the current range, but it is currently showing little inclination to break higher.
WTI hovers near lows
While the WTI crude oil price was able to recover slightly yesterday, it remains unclear clear pressure.
Early trading has seen the price edge lower, though for the moment it has yet to test recent lows at $65.00. Given that this is where the price bottomed last September, it is perhaps not surprising to see a defence of this level.
Natural gas retracement continues
The natural gas price seems set for a third day of declines, after the start of the week saw the price resume the falls from Friday’s peak.
Continued losses target 4200 and then 3800, the early March low. Initial targets to the upside are 4600 and then 4930, Friday’s high.
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