Gold price moves up while oil price struggles
Gold is still able to push higher, building on gains at the end of last week, while oil is struggling to move up after dropping back on Friday.
Gold still moving higher
The gold price edged higher at the end of last week, holding support around $1535. Further gains head to $1590, the high from late January, before heading on to $1600.
A more bearish view requires a turn below $1545, support throughout January and now into February.
WTI strives to recover lost ground
Friday witnessed a reversal, as the WTI price dropped back from the gains made earlier in the week. It has yet to breach $49.50 support, the last line before a potential move to $42.00 gets underway.
A rally through $51.15 would provide a more bullish view and suggest a renewed push higher is underway.
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