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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

Having recovered from its lows, gold is aiming for a move higher, while WTI is trading sideways.

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Gold looks to rally

Gold appears to be consolidating before a move higher, and dips towards $1250 yesterday brought out buyers.

A move above $1260 will bring the key $1264 area, previously support, now resistance, into play. A move below $1240 is needed to put a more bearish view on the commodity.

WTI trades in a range

The price for WTI continues to bounce between $56.00 and $59.00, with the range being confirmed again yesterday as the price moved off the lower bound.

The next levels to watch for resistance are $58.00 and then $58.88, while a drop below $56.00 suggests a move to $55.67, and then down to $55.00. 

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