Technical analysis: key levels for gold and crude

Gold has slowed its decline, while the oil rally shows no sign of stopping. 

Gold stuck around $1285

Having broken sharply lower earlier in the week, gold has found some support around $1285.

A move above $1297 is needed to restore an element of bullishness, while below $1285, $1267 comes into play.

WTI eases off recent high

A fresh high yesterday in the current trend continues to point towards the strength of the rally for WTI.

Dips towards $70.20 could well find further support, while further gains will target $73.25. 

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