Gold price wilts while oil price moves sideways
Gold looks to be struggling while oil still remains unable to mount a firm break higher.
Gold turns down again
The gold price remains under pressure, having created a lower high earlier in the week at $1577.
A drop below $1562 opens the way to more losses towards $1550, while a more bullish view requires the price to move back above $1578.
WTI drifts sideways
The WTI price has staged another bounce but remains in a sideways range. It has managed o break above Tuesday’s peak at $50.82, but a real move higher still eludes it.
This will require a move through last week’s high at $52.00. Support is possible at $50.00 and then $49.50.
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