Technical analysis: key levels for gold and crude

Gold has been stalled in a narrow range all week, while oil has fallen further this morning.

Gold stuck in another range

Gold has fallen quiet after its breakout last week.

Gains above $1227 have proven hard to sustain, while dips towards $1220 have found buyers. A break of this tight range is required to determine the next direction.

WTI falls after tough week

The sellers remain in charge of WTI, pushing the price to the lows of the week.

Rallies back towards $72.00 could remain selling opportunities, while further losses target $66.80, the lows from early September.

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