Gold price steady and WTI crude price rises, but natural gas price drops back
While gold is holding near recent highs and WTI has tiptoed higher, natural gas has fallen back.
Gold holds firm
The spot gold price remains close to the highs around $2950.00, though upward progress has been lacking over the past week.
The uptrend is still in place however, and sellers have met with a surge of buying in recent sessions whenever a selloff attempts to materialise. A close back below $2860.00 might yet indicate some short-term weakness is at hand.
WTI edges up after Friday dive
Friday’s slump in WTI crude oil prices put paid to yet another attempt at a bounce, though buyers have stepped in this morning at $70.00.
Notably, while the price has returned to its recent lows, daily stochastics have pushed higher, if only slightly. This potential positive divergence might lead to a rebound, at least towards $73.00.
Natural gas eases back from highs
The surge of the past week took the natural gas price to a new higher high, and it is perhaps not surprising to see it drop back. A close back above 4000 might indicate that buyers are preparing a push higher.
Further short-term losses target 3800 and then 3600.
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