Technical analysis: key levels for gold and crude

Both gold and oil have found their path higher blocked by strong resistance.

Gold still unable to break $1190

Gold has rallied from the lows around $1183, but as we saw yesterday it is so far unable to break above $1190.

If the bears can push it below $1180, then a deeper move towards $1160 is possible.

WTI stuck below $75

Moves above $75.00 for WTI have been hard to sustain over the past week, with this level acting as a barrier to further gains for the time being.

Near-term support levels come in at $74.08 and then $72.88. Above $75.00, $77.30 comes into play.

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