Technical analysis: key levels for gold and crude

Gold is rebounding, while the rally in oil prices seems content to go on indefinitely.

Gold rallying

Gold has finally found the strength to rally, pushing through $1320.

The first target on the upside is $1326, followed by $1338 and then $1346.

WTI pushing higher

WTI is turning higher once again, and looks to challenge yesterday’s high at $71.82.

Dips have been bought all week, and any retracement towards $68.00, or even $66.80, remains another possible buying opportunity.

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