52 Week Moving Average

October natural gas futures finished higher last week after a spike turned the minor weekly trend upward, but the main trend remains down. Traders are watching whether strong LNG feedgas demand and South Central heat can offset fresh supply pressure as the market struggles to hold the $3.00 area.

Silver enters a pivotal week after a sharp rally, with inflation data set to determine whether buyers can force a break above the 52-week moving average. Hormuz headlines remain a major wildcard as crude oil, inflation expectations, and the Fed outlook continue to feed into silver’s next move.

Gold is edging lower after a strong rally, with XAUUSD now testing the 52-week moving average at $4,349.82. CPI and PPI readings are set to determine whether momentum extends toward higher targets or fades into support.

Gold enters a pivotal stretch after a sharp dollar setback and a stronger bid in XAUUSD. The June 16-17 FOMC minutes due Wednesday, July 8, may determine whether the latest reversal has enough rate support to continue.