Gold prices have seen steady gains over the past week, reinforcing a bullish outlook for the metal. The next key target for gold is the $2720 level, which was last seen in mid-November and December. A breakout above this price could lead to new record highs, similar to those reached in late October. However, sellers are watching for any reversal below $2650, which could push prices back toward December’s lows.
WTI Crude Oil Sees Continued Recovery
WTI crude oil prices are on the rise, as a week-long consolidation phase gives way to potential further gains. The immediate resistance levels to watch are the October highs at $76 and the August highs just above $78. If prices fall back below $72 in the short term, it could signal a temporary weakening of the rally.
Natural Gas Prices Trend Higher After Recent Pullback
Natural gas prices appear to be regaining upward momentum after forming a higher low earlier in the week. Support has been found around the 3250 level, with a potential downside target at 3200 if prices fall further. Should this support fail, the next significant target is 3000.
Related Topics:
- Oil Price Index Live Chart Today ((January 10)
- Today’s WTI Crude Oil Price Chart (January 10)
- Today’s Brent Crude Oil Price Chart (January 10)