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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

While gold is under pressure, no such caution is being seen in the oil price. 

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Gold falters for the time being

The uptrend for gold remains in pace here, with temporary weakness likely to prove to be a buying opportunity.

First areas to look for support come in at $1337 and $1326, with a loss of these likely to suggest a turn is at hand. We have seen momentum weaken, although not terminally. A push higher targets $1357 and then $1366. 

WTI displays no hint of bearishness

The WTI rally shows no sign of abating, with little weakness in evidence.

Further gains should be expected, with a close below $62.76 needed to put a more bearish spin on the current outlook. 

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