Technical analysis: key levels for gold and crude

The rally continues for gold, while oil is looking at challenging its 2018 high. 

Gold rally goes on

Gold continues to gain, looking towards resistance at $1346 and then on to $1358.

Potential support lies at $1337 and then $1326, but so far it looks like intraday dips will continue to be bought.

WTI nears January high

WTI shot higher yesterday, and now it is poised to test the $66.58 high from January.

Above here, the next big level is $73.25. It would take a move below the $62.00 level to suggest a turnaround is at hand, so for now the initiative continues to sit with the buyers.

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