Technical analysis: key levels for gold and crude

Both gold and oil have rallied off the lows, although they have yet to signal that a change in trend is at hand. 

Gold looks to test recent trendline

The price has rebounded from $1314 yet again, so we look for gold to test the descending trendline from the March highs.

Above this, the $1330 level comes into view.

WTI hits new level to break

WTI has rallied off the lows, but now has to break the $62 level.

Above here, $63 and $64 come into play. A turn lower targets $60 once again.

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