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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 prices are steady after yet another strong week, but the losses for gold continue.

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Gold continues to fall

The price for gold staunchly defended the $1284 level last week, but it has broken below it in early trading.

Moves towards $1295 brought out the sellers, so further intraday bounces are likely to find fresh selling pressure. The next big support level to look for is $1264.

WTI steady after new highs

Fresh highs last week confirm the strength of the uptrend for WTI, with even small retracements finding buyers.

The next target is $73.25, while $69.54, $66.58 and $66.00 are all possible support areas.

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