Gold higher but oil prices retreat
Gold prices are still in a range but have made small gains, while oil prices are under pressure.
Gold
Prices staged a small recovery over the past two sessions, but a move above $1790 still eludes it.
Should this occur then the bullish view will be strengthened, but otherwise for now the trading range persists.
WTI
Gains yesterday stalled at $72.75, as they did last week. The price has seen upward momentum cease for now, but for the moment a bearish turn has yet to develop.
Buyers will want to see a move above $72.75 to clear the way towards $74, while sellers will hope that a reversal below the 200-day simple moving average (SMA) can take place.
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