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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 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 ensure that you fully understand the risks involved.

Technical analysis: key levels for gold and crude

Commodities are broadly higher thanks to a weaker dollar, with oil looking to head back to recent highs.

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Gold benefits from weaker dollar

Gold's recovery from last week’s lows continues, with the price now needing to break $1264 to maintain upward progress.

However, Friday’s rally in that direction was hit by selling, so it could be a difficult one for the bulls. If the rally falters again it is likely that we will see a return to $1246 and then $1240.

WTI pushes on towards $59.00

WTI's price has turned higher and looks to be heading back towards the $59.00 resistance area.

Last week saw a dip to $56.00 that was met by buying, so the $55.67-$59.00 trading range remains in effect.

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