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Technical analysis: key levels for gold and crude

Gold is stuck below $1310, while oil prices are holding on to their breakout from last week.

Oil rig Source: Bloomberg
Commodities WTI Price of oil Technical analysis Gold
IG Analyst  
Publication date:

Gold held below $1310

For the second time in a week, gold has stumbled at $1310.

However, rising trendline support may come into play around $1302, and a push higher might yet see $1310 broken. Further declines target $1292 and then $1285.

Gold price chart
Gold price chart

WTI holds its ground

The WTI price has edged back over the last couple of sessions, but the breakout of last week remains intact.

Fresh gains target the top end of the rising wedge, around $61. The bullish view remains intact unless we see a close below $58.

WTI price chart
WTI price chart

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