Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. 68% 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 and natural gas rise but oil prices stumble

​​Gold is trying to hold the 200-day MA for a second day, while oil prices have fallen back from their highs for the week and natural gas gains for another day. ​

Source: Bloomberg

​​​Gold rallies off 200-day MA

​Gold tested the 200-day SMA for a second day, though a close below this level continues to elude the sellers. ​ ​Further downside targets the August low around $1890, with the bearish view intensifying if the price closes lower from there.

The lower high seen at the end of last week will continue to give sellers confidence that a more bearish view is emerging. ​ ​A rally back above $1950 is needed to reverse this view and indicate another attempt to move towards $1985 and higher is in play.

Source: ProRealTime

​Brent weakens but still in uptrend ​

Oil’s rise has continued this week, and despite some losses on Thursday the bulls remain in charge. ​ ​Should we see a close back below the $87.20 level then a more substantial pullback may emerge.

This might then see the price head back towards the 50-day SMA. ​ ​Should the price hold above $87.85 then the short-term bullish view is intact and the price may then begin to make further gains towards the November high around $98.

Source: ProRealTime

​Natural Gas moves higher

​The price has stabilised after a run of losses over the past week, leaving the uptrend intact. ​ ​Having created higher lows in August and held above the 100-day SMA, the price maintains its short-term bullish outlook.

Admittedly the lower high of late August dents the bullish impression, so we will need a close above 2910 to help bolster the case for further upside. In this case the August high at 3048 comes into view. ​ ​In the event of a pullback below the 100-day then the 2500 lows of July and early August could be tested as support. ​

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
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 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.