Technical analysis: key levels for gold and crude

The dollar rally appears to be fizzling out, with commodities moving higher as a result. 

Gold
Source: Bloomberg

Dip buyers to the rescue in gold

A new higher low was posted yesterday for gold, and further gains above $1358 will target $1366.

A move below $1343 would target first $1337, and then $1326. 

WTI finds the strength to push higher

For WTI too, dip buyers came in, holding the price above $65.00.

A restart of the march higher looks likely, with the $66.58 high being tested in due course. Below $65.00, the $62.56 and then $60.74 level comes into play. 

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