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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

The gold bounce is out of steam this morning, but oil is still on the up.

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Gold falters at $1360

The gold rally last week suffered a knock trying to break through $1360.

The failure to recover this level has brought about a test of the $1345 support area. Below this, $1326, $1314 and $1307 come into play. A close above $1360 suggests another attempt to break $1366.

WTI moves above 50-day moving average

The price for WTI has recovered the 50-day simple moving average (SMA) of $61.60, and is now looking to test $62.56.

Above here, $66.58 comes into play. A turn lower targets $60.74, $60.01 and then $58.07.

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