Crude oil and gold price dip
WTI crude oil and gold price slip in low volume holiday season trading.
WTI crude oil price continues to sideways trade
The price of WTI front month crude oil futures continues to sideways trade above the 55-day simple moving average (SMA) at 69.50, having bounced off its 20 December 68.43 low.
Further sideways trading in a low volatility range between this low and last week's high at 70.63 remains at hand. Were this level to be exceeded, the current December high at 71.03 would be in focus.
Gold price takes minor hit
The spot gold price's recovery from its mid-December $2,584.00 per troy ounce low has taken it to last week's $2,639.00 high before sliding once more.
The August-to-December uptrend line at $2,599.00 may act as support, though. If not, the December trough at $2,584.00 may be back in the pipeline.
Resistance above last week's $2,639.00 high is seen along the 55-day SMA at $2,665.00.
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