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Charting commodities: will oil breakout lead to further gains?

We are now at a wait-and-see moment on WTI which, after a substantial break out, is back at the key level of $49.32. 

Holding on at that level would be a very bullish signal. As for gold, we have got the spike higher we were looking for, and led to a descending trendline. The $1,144 mark is now the level to watch.

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Live Brent crude | Gold prices

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