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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

A new 52-week low for oil comes as gold struggles to rebound from the lows of the week.

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Gold struggling above $1200

The price of gold bounced off the lows but has run into resistance around $1205.

Below $1195 the $1180 level comes into play. If the price can move back above $1205 then a higher low may have been created, providing a more bullish view.

Gold chart

WTI sinks to new 52-week low

Yet another steep decline for WTI has seen the price move from a three-year high in October to a 52-week low today.

At present, support levels are hard to find, and have been firmly ignored in the rout, but $52.93 and then $52.04 are the next ones to watch. A rebound looks like a distant prospect, but a first step in establishing a bottom would come from a move above $60.00, and then above the highs of the week at $62.00.

WTI chart

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