Technical analysis: key levels for gold and crude

Gold and oil are off the recent highs, but further gains should be expected. 

Gold’s rally intact

The rally has stalled just below $1358, but pullbacks for gold should continue to find buyers.

Upside targets lie around $1358, $1361, and then $1366. Areas of possible support come in at $1346, $1337 and then $1326. The bullish view remains unless the price breaks back below $1320.

WTI eyes fresh highs

Since hitting its recent peak at $66.57, WTI has consolidated above $65.50.

Further gains above $66.58 put the price at a new high for the year. Support is possible around $64.82 and then $64.18.

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