Technical analysis: key levels for gold and crude

Gold prices are wilting as risk appetite recovers in equities, while oil has managed to hold above $66, even if it can do little more at present.

Gold continues to fall

Gold continues to decline, and a close below $1214 would suggest more losses in the direction of $1205, and then $1195, are likely.

A bounce from $1214 support would target the $1236 highs from earlier in the month.

WTI holds above $66

WTI appears to be finding a bottom around $66, but so far rallies above $67 have proven hard to sustain.

If the price can hold above $66 once more then a fresh push higher may develop. However, the low will only be in if we see a daily close above $68.

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