Gold price and oil price in rally mode again
Gold’s strong run this week has continued, while oil prices seem to have shaken off the weakness of earlier sessions.
Gold in solid form for fourth day
A strong rebound in gold from the five-month low continues, although it will still form a lower high with any reversal below $1900. A close above $1850 would help to provide a stronger bullish view. A reversal back below $1815 would signal another move to the downside.
WTI begins new leg higher
After a small consolidation over the past week the price of WTI has resumed its move higher, rallying through the previous high from late November. This puts the buyers back in charge, unless we see a drop back below $45 and then $44.
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