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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 has moved higher ahead of OPEC later in the week, but a stronger dollar has not helped gold, despite widespread risk-off sentiment.

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Gold claws its way higher

A small recovery has been seen here for gold, with $1286, $1291 and then $1295 the near-term targets.

A move back above the latter is needed to recover trendline support. Further declines would target $1264 and then $1246.

WTI rises on OPEC hopes

WTI bounced off support at $64.18, and is now looking to test $66.60.

From here, it would need to recover trendline support above $67.50 to suggest a more long-term bounce. The $72.88 level is the next big resistance level to watch. Below $64.00, the price will head to support at $61.84. 

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