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COMMODITIES: NatGas Futures on Front Foot After Recent Sell-Off

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The long-term trend condition in Gold remains bullish and the Oct 31 - Nov 14 bear leg appears to have been a correction. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. A bearish threat in WTI futures remains present and Monday’s move lower reinforces this theme. Attention is on $65.74, the Oct 1 low, and $63.90, the Sep 10 low and key support. For bulls, a stronger reversal to the upside would instead refocus attention on the key short-term resistance.

  • WTI Crude down $0.09 or -0.13% at $68.64
  • Natural Gas up $0.12 or +3.59% at $3.319
  • Gold spot up $22.28 or +0.84% at $2660.21
  • Copper up $0.55 or +0.13% at $414.4
  • Silver up $0.45 or +1.5% at $30.673
  • Platinum up $10.14 or +1.08% at $945.25
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The long-term trend condition in Gold remains bullish and the Oct 31 - Nov 14 bear leg appears to have been a correction. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. A bearish threat in WTI futures remains present and Monday’s move lower reinforces this theme. Attention is on $65.74, the Oct 1 low, and $63.90, the Sep 10 low and key support. For bulls, a stronger reversal to the upside would instead refocus attention on the key short-term resistance.

  • WTI Crude down $0.09 or -0.13% at $68.64
  • Natural Gas up $0.12 or +3.59% at $3.319
  • Gold spot up $22.28 or +0.84% at $2660.21
  • Copper up $0.55 or +0.13% at $414.4
  • Silver up $0.45 or +1.5% at $30.673
  • Platinum up $10.14 or +1.08% at $945.25