Spot gold prices have paused their recent downward trend, showing signs of recovery after rebounding from yesterday’s lows.
For a higher low to establish, the metal needs a positive close today and, ideally, on Monday. Such a move could push prices back above $2,600, potentially signaling a return to the previous uptrend. However, a close below $2,550 would keep the momentum in favor of sellers.
WTI Crude Prices Hover Around Key Support
WTI crude oil prices have stabilized near the $67.00 level, which acted as support in September and October.
Despite this pause, the broader bearish outlook remains intact. If prices dip below $67.00, they could test the September low of $65.00. On the upside, any recovery would need to break past the $72.00 level, a cap on gains in October and November, before aiming for $75.00.
Natural Gas Retreats from Resistance
Natural gas prices have pulled back after nearing early October highs, retreating toward the 2,900 level.
The price now trades within a range of 2,600 to 2,900. A drop to 2,600 could see sellers gaining control, while a breakout above 2,900 would target the June peak of 3,200.
Related Topics:
- WTI Crude Oil Price Today（(November 8）
- Today’s WTI Crude Oil Price Chart (November 7)
- Today’s WTI Crude Oil Price ((November 6)