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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 are finding bullish momentum this morning.

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Gold keeps on gaining

The gold price is edging above $1236, and a close above this level would spark a move towards $1260 previous key resistance.

Support is possible around $1218 and then $1213.

Brent holds on to its small gains

The bounce is holding for now, with the Brent price back to the highs of early Monday. From here, $63.00, $64.56 and then $66.86 are potential resistance.

Dips back to $60.62 may provide further buying opportunities, but a move back below $60.00 would suggest that the sellers are still in charge.

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.

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