Skip to content

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

Commodities began the year well, but are pausing for breath this morning. 

Video poster image

Gold consolidates after push higher

The gold rally from the December lows has paused for breath, but it continues to find support around $1314.

Additional support is possible around $1307. Above last week’s high of $1326, the $1337 and $1358 levels come into play.

WTI eases back from highs

The broader uptrend for WTI is intact here, having started off well in January.

Weakness has usually been short-lived, and any pullback that remains above $56 would constitute a higher low. Additional support is possible around $59. 

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