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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Both gold and oil suffered reversals yesterday, although they continue to hold above recent lows. 

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Gold’s surge halted

A sharp reversal yesterday still leaves gold's rally off the lows of last week intact.

Coming into play as possible support levels are $1326 and then $1314, while a deeper turn lower would head to $1307 and $1295. A recovery back above $1340 would target $1346 and then $1358.

WTI generates a lower high

WTI created a lower high at $63.00, although support is possible at $60.74 and then $60.00.

Near-term resistance levels are $63.00, $64.00 and then $64.82, followed by January’s peak at $66.58.

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