In the Asian session, gold has returned within the medium-term border range 1336-1358. However, gold remains under pressure-pullback could be caused by closing stops orders. Return above 1346 will mark the strengthening of bulls positions. Until then, gold will continue to be under pressure and consolidated with a high probability of downward movement.
Oil prices continue to decline, amid investor concerns over rising supplies from Iraq and Nigeria, as well as growth in the number of drilling rigs in the United States.
Oil futures continued to fall, trading at $ 49 per barrel area. The next support is at $48.
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