Technical analysis: key levels for gold and crude

Gold is testing recent key resistance, while oil’s rally is taking a pause one again.

Oil pump
Source: Bloomberg

Gold holds its ground

Gold's upward progress has carried it to $1295, which has held back further gains over the past two weeks.

If the move gathers pace, $1307, $1325, and then $1337 are levels to watch. Below $1284, and the price could find support around $1264. 

WTI ticks lower after new highs

A push to new highs for the year leaves the WTI buyers firmly in control.

The first area of potential support is $58.07; from here $55.67 and then $55.00 come into play. 

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