Gold price advances again, as WTI crude price and natural gas price rebound
Gold has begun to move higher again, while both oil and natural gas have stabilised in early trading.
Gold renews its rally
The spot gold rally has been reignited, as the price soars towards $3400.00.
A higher low was established at $3230.00, and now a move to $3500.00 is in sight once again. Sellers will need a reversal back below $3200.00 to suggest that they have managed to reassert control.
Spot gold daily chart
WTI recovers from gap lower
The WTI crude oil price gapped lower over the weekend on reports that Saudi Arabia would increase production. However, the $55.00 level has held as support once more, which may mean we see a short-term bounce towards $60.00
WTI crude oil daily chart
Natural gas hits resistance
While the natural gas price has rebounded from the lows of late April, it has run into selling at 3800.
A close back below 3600 would reinforce the view that a lower high has been created, which might then signal a push back towards the April low. A close above 3800 clears the way for a move back towards the early April high at 4200.
Natural gas daily chart
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