Gold XAUUSD has a 2 month rising trend line from the 13th December offering support at 2020/2017. Longs need stops below 2014.
There is a horizontal 1 month trend line at 2063/67. Shorts need stops above 2071.
Unfortunately these are not the strong levels I usually find in Gold but they are all I have to go on at this stage because Gold has been stuck in a sideways channel for at least 2 months, still trading at the same levels as the beginning of December.
Silver XAGUSD should have resistance at 2270/90 on any recovery today & shorts need stops above 2310.
WTI Crude March futures have reversed yet again, winning back much of Friday's steep losses & beaten resistance at 7340/70 targeting strong resistance at 7450/80. Shorts need stops above 7540.
It's not easy to identify low risk trades as WTI Crude has been stuck in a sideways channel for at least 2 months, still trading at the same levels as the beginning of December.
We have a lower 2 month trend line at 7230/7190. Longs need stops below 7150.
