Technical analysis: key levels for gold and crude

A stronger dollar has not held back oil, but it has helped to stop gold from moving back above $1200.

Gold still unable to move above $1200

Small declines have taken gold back below $1195, but the $1190 area has continued to hold as support.

This then suggests a move back towards $1205 and $1214, with a break of the latter opening the way to trendline resistance from the April high. Further falls bring $1180 and then $1160 into view.

WTI back above resistance

WTI has broken back above trendline resistance from the June high, so now we look to see if it can push through the $70.00 area that held back progress in August.

A move lower targets the lows of last week, around $66.70, and then down to $64.00

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