Technical analysis: key levels for gold and crude

Gold prices are continuing to make modest gains, while WTI looks to be creating a new higher low.

Gold still on the up

Gold continues to gain, with the overnight pullback being followed up by buying that has seen the price move back above $1280.

Fresh gains target $1285, and then on to $1295. A close below $1273 is needed to reverse the more bullish view.

WTI drops back to higher low

WTI has fallen back from the highs for the year, but a new higher low on the four-hour chart has been created.

This may provide another buying opportunity, with a push targeting $66.60 and higher. Fresh declines would head towards $63.35, and then to $62.56.


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