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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Technical analysis: key levels for gold and crude

While gold has at least held a vital trendline, it is stuck below $1300. Oil meanwhile has managed to hold support all week, and is trying to push higher. 

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Gold stuck in a tight range

While gold continues to hold the rising trendline from December 2016, gains above $1300 this week have proved impossible to sustain.

However, dips towards the trendline have also found buyers. A break out of the $1290-$1300 range is needed to determine the future course from here.

WTI fights to rally after holding the lows

The price continues to hold the lows of the week, building a base for WTI that saw a rally develop yesterday.

Now it needs to move above the post-September rising trendline, which would suggest a move above $66.50. From here, the 31 May peak at $68.60 comes into view. A close below $64.18 negates this more bullish view. 

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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