Technical analysis: key levels for gold and crude

A rally in the dollar has hit commodity prices, although the longer-term trends are intact. 

Gold finds backing after stronger dollar

The sturdier dollar hit gold hard, but the price found support at $1313.

Below this, $1307 and then $1295 come into play. Any recovery would likely find resistance at $1326, and then on to $1337 and then $1346.

WTI attempts to retain level

WTI is fighting hard to hold $62.56.

If this holds, then a move back to $64.00 is possible, and then on to $66.58. A loss of $62.56 would target $60.74 and $59.02.

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