Charting commodities: gold to turn higher again.

WTI managed to break back above a key support zone which corresponds to the January and March lows. IG analyst Josh Mahony remains bullish on WTI but is worried of the recent formations: rises happen gradually and selloffs tend to be a lot sharper. 

On a daily time frame, gold has been creating new higher lows and new higher highs since that long-term resistance at $1,105, and the August 24 peak at $1,170 could be the next level of resistance.

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