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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Gold prices are wilting as risk appetite recovers in equities, while oil has managed to hold above $66, even if it can do little more at present.

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Gold continues to fall

Gold continues to decline, and a close below $1214 would suggest more losses in the direction of $1205, and then $1195, are likely.

A bounce from $1214 support would target the $1236 highs from earlier in the month.

WTI holds above $66

WTI appears to be finding a bottom around $66, but so far rallies above $67 have proven hard to sustain.

If the price can hold above $66 once more then a fresh push higher may develop. However, the low will only be in if we see a daily close above $68.

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