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CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Technical analysis: key levels for gold and crude

Gold’s rally yesterday failed to break crucial resistance, while oil is finding it hard to break above $67.

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Gold falling between two stools

Just when the gold bears think they have the upper hand, the price surges. This is precisely what happened yesterday, spiking above the key $1307 level.

However, the sellers then came in and sent the price lower. Another retest of $1307 is likely, but a close above this level still eludes the bulls, and the sellers are still unable to break the rising trendline.

WTI gains contained by trendline resistance

WTI is still stuck below the September trendline, so a failure to move above $67.00 may suggest a move back towards $64.18.

Above $67.00, the high from 30 May at $68.61 is the next target. 

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