Technical analysis: key levels for gold and crude

Gold’s overnight gains have faded, but oil is looking to build on yesterday’s breakout.

Gold holds support at $1314

A bounce off $1307 saw the price for gold return to $1320, but the gains have been eroded overnight.

Once again, $1314 holds as support, but a move above $1330 would be needed to break the downtrend. Declines below $1307 bring $1295 and then $1284 into play.

WTI looks for further gains

The WTI price broke above the descending trendline from the February high yesterday, and is looking for further gains today.

However, it faces further obstacles at $63.14, $63.36 and then $64.82.

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