Skip to content

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.

​​​​Gold, oil and natural gas prices drop back

​​Gold and oil saw huge gains last week but have edged lower in early trading, while natural gas prices have moved back from their recent highs. ​

Source: Bloomberg

​​​Gold struggles around trendline resistance

​Gold prices enjoyed their best week since March last week, as the outbreak of conflict prompted a huge surge in the price. ​ ​Friday’s surge took the price back to the 200-day simple moving average (SMA),and may well have negated the bearish outlook that seemed to be in place last week. The price has closed above trendline resistance from the late July highs helping to bolster a bullish view. ​ ​Additional gains target $1948.50 and then $1953. A reversal back below $1915 and a close below trendline resistance would suggest a fresh move lower.

Source: ProRealTime

​WTI consolidates after Friday gains ​

Oil prices took off on Friday, rallying back above the 50-day SMA. ​ ​The week saw heightened volatility, with the price gapping higher and then retreating, before Friday’s surge. Continued price action above $85 would seem to suggest that a low is in place and that further upside towards $89 and then on towards $93. ​ ​Sellers would need a reversal back below $84 to suggest that a new attempt to break last week’s lows around $81 is possible.

Source: ProRealTime

​Natural Gas edges lower after rally ​

Gas prices had rallied in the opening weeks of October, but dropped back in the second half of last week. ​ ​The price pulled away from trendline support in late September, and with the 50-day SMA now above the 200-day SMA and rising a more bullish view appears to prevail. In the short-term the current pullback could head towards 2050. ​ ​A rally back above 3500 suggests that the buyers have reasserted control.

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.