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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 price edges up as oil price rally goes on

Oil shows no sign of heading lower yet, as WTI looks to move on above $48. Meanwhile, gold’s cautious upward move from last week goes on.

Source: Bloomberg

Gold’s tentative rebound still in play

Last week saw the gold price regain its footing to an extent, rallying from a five-month low at $1765 to recover $1800 and then keep moving up. $1850 and then $1879, the 50-day SMA, are the next targets to watch on the upside if the price continues its recovery. Bears will be watching for the creation of a lower high, which could come with a reversal back below $1805, the 200-day SMA.

Source: ProRealTime

WTI still on upward path

After some weakness at the beginning of the month, the WTI price has now begun to move higher once again, although a close above the late November high still eludes it. Nonetheless, there is as yet no sign of any real weakness, and so we look for continued gains towards $49.40. Sellers will need to push the price back below $44 to provide an indication of any near-term weakness.

Source: ProRealTime

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