Charting commodities: will oil breakout lead to further gains?

We are now at a wait-and-see moment on WTI which, after a substantial break out, is back at the key level of $49.32. 

Holding on at that level would be a very bullish signal. As for gold, we have got the spike higher we were looking for, and led to a descending trendline. The $1,144 mark is now the level to watch.

Trade now

Live Brent crude | Gold prices

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.