Gold price edges up while oil price falls
Gold continues to tiptoe higher while oil prices drop back.
Gold claws its way higher
While the price of gold continues to climb, progress has been slow.
However, downside has also been limited, which continues to reinforce the view that a higher low is in place here and that further gains above $1500 are likely
WTI drops back rapidly
WTI reversed most of Monday’s gains yesterday, with the price falling back towards $58.
This would tend to reinforce the view that more losses are in store, with a push below $58 opening the way to $54.
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