Technical analysis: key levels for gold and crude
Gold seems to be acting like a coiled spring, but oil prices continue their move upwards.
Gold faces a crunch point
The range continues to tighten for gold, suggesting an outbreak of higher volatility when the price finally breaks out.
The levels to watch are $1294 and $1288.
WTI keeps on rallying
WTI appears to have shrugged off weakness from earlier in the week, and having consolidated around $51.00 is now moving higher.
The near-term targets are $53.00 and $53.57 while a more bearish view requires a break below $51.00, the lows from earlier in the week.
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