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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Technical analysis: key levels for gold and crude

Oil is seeing some selling pressure this morning, while gold is attempting to recover some ground lost on Friday. 

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Gold stuck around $1320

Gold defended the 200-day simple moving average (SMA) at $1307, and the $1308 level last week, but on Friday an attempt to hold $1326 was defeated.

A daily close above this level would signal a move to $1337 and higher. Alternatively, a further drop would bring the $1308 zone (200-day SMA) into play.

WTI edges lower

A shallow retracement has seen WTI shed some of the ground gained at the end of last week.

Possible areas of support come in at $69.54 and then $66.58.

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