Note/Charts by Bespoke Investment Group
After sharp pullbacks from extreme overbought levels in just a few days, both gold and oil now find themselves testing support at their 50-day moving averages.Ā If the 50-days hold, technicians will be looking for another run to new highs.Ā If not, the chart patterns for both commodities will look much less attractive.
Copyright (c) Bespoke Investment Group
