The spot gold price continues to hover near its recent highs of $2,950, showing resilience despite a lack of upward momentum over the past week. While the overall uptrend remains intact, any attempts at a selloff have been met with strong buying interest. However, a close below $2,860 could signal short-term weakness in the market.
WTI Crude Oil Edges Higher After Friday’s Drop
WTI crude oil prices saw a sharp decline on Friday, derailing yet another attempted rebound. However, buyers stepped in at the $70 level on Monday, helping the price stabilize. Although crude oil has returned to recent lows, daily stochastic indicators have shown slight upward movement, suggesting a potential positive divergence. This could lead to a short-term rebound, with the next target at $73.
Natural Gas Retreats After Recent Surge
After a strong rally last week, natural gas prices have pulled back from their recent highs. A sustained move above the 4,000 level could indicate renewed buying interest. However, in the short term, further declines could see prices testing support levels at 3,800 and 3,600.
Related topics：
- What is the Value of 18K Gold?
- Why Does Gold Price Increase During War?
- What is the Best Price Being Paid for Gold Sovereigns?
