Technical analysis: key levels for gold and crude

The gold price is managing to slow the rate of decline, while oil has clocked up a new high for the year.

Gold bars Source: Bloomberg

Gold steadies above $1270

The rate of decline has slowed for gold, with a dip below $1270 finding buyers yesterday.

A rebound towards trendline resistance from the February highs would target $1300.

Gold price chart

Gold price chart

WTI pressing higher

WTI prices have continued to gain, with the slight pullback overnight providing another possible buying opportunity.

Having broken higher at the beginning of the week, the price remains in an uptrend. Upside targets are $66.90 and then $70.34.

WTI price chart

WTI price chart


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