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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

Gold is headed towards key support, while oil remains in a firmly bullish trend.  

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Gold returns to bottom of range

Gold is now back towards the bottom end of the range that has lasted all year, with the zone from $1308-$1314 continuing to act as support.

If this holds again then a move back towards $1340 and $1360 is possible. A close below $1308 is needed to suggest that the range has been broken.

WTI continues to drop

WTI has carried on dropping back from the $69.54 level, with $66.58 as the first line of possible support.

Below this, a deeper retracement to $62.56 is possible. A turn higher would head to $69.54 and then move on to $73.25. 

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