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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Both gold and oil are under pressure again, although key support continues to hold for both. 

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Gold rally meets sellers

Gold bulls have furiously defended the $1314 level so far this week, but a rally this morning has run into sellers and then downtrend line from the February high.

Further declines will see the $1314 and $1308 levels tested, while a rally above $1330 will push above the declining trend line and bring the $1340 area into play.

WTI finds buyers

Rallies for WTI have been sold into throughout March, although moves to $60.00 have found buyers for the time being.

If this level breaks then $59.00 and $58.07 come into view. A move above $62.00 would help break the current downtrend, and see the price head back to $63.00 and $64.00. 

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