Charting commodities: oil indecisive above crucial support

WTI is at a crucial support zone, which corresponds to the January and March lows. It is trading sideways at the moment, but the chart shows sharp falls, and takes a much longer time to retrace. 

This suggests a bearish trend. As far as gold is concerned, IG analyst Josh Mahony is bearish on the short-term, but bullish on the long-term.

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