Gold price steady, while WTI crude oil slips and natural gas pushes higher
Gold is holding on to gains and natural gas is higher, but oil prices are coming under pressure again.

Gold holds firm
The price remained relatively muted on Thursday, matching the limited movement seen on Friday. Bullish momentum has faded over the past week, though dip buyers have stepped in on weakness, most notably on 24 October and 1 November. Overall the bullish move is intact, though a close below $1950 could signal a more substantial pullback is at hand.

WTI bounce stalls
Oil prices rallied on Thursday, with WTI moving higher off the 100-day SMA. Now the buyers need to provide fresh impetus, with a close above $84 helping to restore a short-term bullish view. This then puts the price on course for more gains towards the October high. A failure to clear trendline resistance from the September high could see selling pressure materialise once again.

Natural Gas pushes higher
After a mixed performance on Wednesday, the price stabilised on Thursday. The overall rally is firmly intact, as is the move higher from mid-October. With the price having carved out a higher high this week the buyers are in control. A close above 3670 would see the price above the late-2021 low and reinforce the bullish view. In the near-term, a drop below 3350 might suggest a push back towards the mid-October lows.

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