Technical analysis: key levels for gold and crude

Oil has moved higher ahead of OPEC later in the week, but a stronger dollar has not helped gold, despite widespread risk-off sentiment.

Gold claws its way higher

A small recovery has been seen here for gold, with $1286, $1291 and then $1295 the near-term targets.

A move back above the latter is needed to recover trendline support. Further declines would target $1264 and then $1246.

WTI rises on OPEC hopes

WTI bounced off support at $64.18, and is now looking to test $66.60.

From here, it would need to recover trendline support above $67.50 to suggest a more long-term bounce. The $72.88 level is the next big resistance level to watch. Below $64.00, the price will head to support at $61.84. 

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