Spot gold prices reached another record high yesterday but have since fallen back overnight.
Although it’s too early to confirm a full pullback, short-term weakness could push prices down to the previous high of $2,720. The overall uptrend remains intact, and any dip could just be a temporary move before a potential rebound.
WTI Crude Oil Prices Rise
WTI crude oil prices continue their recovery after last week’s lows.
It seems that a higher low may have formed following the pullback from January’s peak. Currently, support holds at $70.40. In the short term, prices may rise toward the February high of $74.70. If this is surpassed, the price could move closer to January’s high.
Natural Gas Prices Climb
Natural gas prices have steadily increased throughout February, bouncing back from the dip seen in late January.
The next key target is the January 23 high of 3,630. If surpassed, attention will shift to the mid-January peak at 3,900. Sellers will want to see a drop below 3,400 to signal a potential price reversal.
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