Gold price and oil price head lower
After a small recovery overnight both gold and oil are under pressure.
Gold edges lower
After an overnight rebound the gold price appears to be heading lower once again, with the $1863 support level the next target. Further declines below here bring the 100-day SMA at $1841 into view. For the moment the sellers are in control, with a firm low yet to be established.
WTI drops below 200-day SMA again
Despite some WTI recovery overnight, the price seems to be on a downward path once more. However, until we see a break below the 100-day SMA ($38.53) the view will remain mixed. Below the 100-day MA the $36 low from earlier in September comes into view. Alternately, a rally above $41.30 would mark a more bullish development.
React to volatility on commodity markets
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
1In the case of all DFBs, there is a fixed expiry at some point in the future.
See opportunity on a commodity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on a commodity?
Don’t miss your chance. Upgrade to a live account to take advantage.
- Analyse and deal seamlessly on fast, intuitive charts
- Get spreads from just 0.3 points on Spot Gold
- See and react to breaking news in-platform
See opportunity on a commodity?
Don’t miss your chance. Log in to take your position.
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.