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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

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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