Key levels for gold and crude
The gold price rallied off the lows yesterday, but overnight it has slipped lower, faltering at $1310. Further declines target $1302, and then down to $1285. A recovery above $1315 would open the way to the $1326 high from the end of January.The WTI price bounced off support at $52.03, but an attempted rebound last night faltered at $52.93. Further gains above this level target $54.50, and then on to $56.00. A daily close below $52.00 would bring the prospect of a retest of $49.20.
- Posted: Feb 8, 2019 5:17am
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