Gold prices have continued to rise, surpassing the highs seen in late September. The uptrend is intact, with further gains potentially reaching the late October peaks. After a typical pullback in this upward trend, a sharp move below $2,650 would signal short-term weakness.
WTI crude oil prices have also climbed, nearing the $72.00 mark. This level is key, as a close above $72.00 would break through resistance levels from late October and early November. If the price continues to rise, the next target would be $76.00. However, if prices drop below $72.00, the next support level is $67.00.
Natural gas prices have surged over the past week, breaking through the early October highs. The momentum remains strong, suggesting little chance of a reversal. However, the price is currently stretched, and some short-term consolidation is possible. The price has reached the highs from last November, which may act as resistance. A pullback could potentially target the June highs of 3,200.
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