Technical analysis: key levels for gold and crude

Oil prices are steady after yet another strong week, but the losses for gold continue.

Gold continues to fall

The price for gold staunchly defended the $1284 level last week, but it has broken below it in early trading.

Moves towards $1295 brought out the sellers, so further intraday bounces are likely to find fresh selling pressure. The next big support level to look for is $1264.

WTI steady after new highs

Fresh highs last week confirm the strength of the uptrend for WTI, with even small retracements finding buyers.

The next target is $73.25, while $69.54, $66.58 and $66.00 are all possible support areas.

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