Gold price and natural gas price higher but WTI crude price remains under pressure
While oil prices continue to struggle, both gold and natural gas have risen in early trading.
Gold recovers from Friday low
Spot gold touched a one-month low on Friday but has pushed higher so far this morning.
If a low has formed at $2832.00, then further gains towards $2900.00 will help to bolster a short-term bullish view and put the price on course to test the recent highs. A close back below $2850.00 hands the initiative to the sellers once more.
WTI remains under pressure
The January slump in WTI crude oil prices gave way to a choppier fall in February.
Last week’s gains stalled at $70.00, leaving the sellers broadly in charge, with Monday’s session seeing fresh selling so far. A close ack above $70.00 and then above $73.00 would be needed to break the run of lower highs.
Natural gas attempts to rebound
The natural gas price declined in the second half of last week but is making an attempt at a recovery in early trading.
A close above 3850 may help suggest that a low has formed, which would put the price back on course for 4400. Conversely, a close back below 3760 suggests a continuation of the decline from the late February highs.
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