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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’s climb intact as oil continues to fall

Gold prices are still on the up while oil is unable to find any bullish momentum, slipping lower for another day.

Source: Bloomberg

Gold uptrend still in place

The price shrugged off the volatility seen on Wednesday, when a huge daily range was resolved by the price staying almost exactly where it started the day. The relentless recovery is still ongoing, with no sign of any particular change that might point towards even a short-term pullback. Further gains target $1900 now that $1875 has been broken, and a longer-term view looks towards $1960, the peaks in November and January.

Source: ProRealTime

WTI drops back for another day

Oil has shed ground in the past few sessions, putting the bullish view on hold for the time being. Further declines would target the 100-day simple moving average (SMA) at $59.70 and then on to $58.80. Bulls will want to see a revival back above $64.

Source: ProRealTime

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1In the case of all DFBs, there is a fixed expiry at some point in the future.

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

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