Gold price and oil price start the week with gains
The gold price and oil price continue to push higher, albeit in a fairly cautious fashion.
Gold remains in uptrend
The gold price is drifting sideways once again, but the overall uptrend remains firmly intact.
A move below $1750 would likely indicate some near-term weakness, but for now the most likely course from here is a push higher.
WTI still moving higher
For WTI, early gains have pushed the price back towards $41.00, as the uptrend of the past few weeks continues.
Until we have a reversal below $38.80, and then through the previous higher low at $37.40, it looks like we can expect a continued push higher.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Speculate on commodities
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
Live prices on most popular markets