Technical analysis: key levels for gold and crude

While gold has faltered, oil prices remain resilient.

Gold suffers a second day of losses

Gold has turned lower once again, with another attempt to break towards $1358 fizzling out.

Support comes into play at $1337, and then down to $1326. Gold’s range from $1308 to $1358 continues to hold.

Oil still in upward move

Having touched a new multi-year high this week, WTI’s uptrend remains firmly intact.

A pullback to the $66.58 level could provide a new entry for longs, while the sequence of higher lows is intact even if the price moves back to $62.50.

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