Technical analysis: key levels for gold and crude

Gold has been stalled in a narrow range all week, while oil has fallen further this morning.

Gold stuck in another range

Gold has fallen quiet after its breakout last week.

Gains above $1227 have proven hard to sustain, while dips towards $1220 have found buyers. A break of this tight range is required to determine the next direction.

WTI falls after tough week

The sellers remain in charge of WTI, pushing the price to the lows of the week.

Rallies back towards $72.00 could remain selling opportunities, while further losses target $66.80, the lows from early September.

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.

Find an article

Find articles by writer