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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.

Technical analysis: key levels for gold and crude

Gold has managed to put in a more bullish show over the past few days, while oil’s small bounce still looks shaky.

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Gold turns around again

Strong gains over the previous three sessions have seen gold recover much of the ground lost last week.

The pullback overnight may have created a possible buying opportunity, with the price targeting $1225 and then $1235. A move back below $1210 would mark a more bearish development.

WTI inches higher

While the price has managed to move higher over the past few days, each session has seen some late selling, causing WTI to finish well off the highs.

Dip buyers came in around $56.00, and we have seen higher lows on the intraday chart, but it is still not clear that the price has bottomed out. A move above $59.40 would provide further reassurance for the buyers, while a move back below $56.00 indicates that more selling is likely.

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