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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

The weaker dollar continues to give commodities room to rally, and both gold and oil are on the up once more.

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Gold breaks out of consolidation

Gold spent most of yesterday ranging between $1348 and $1358, but now appears to be breaking higher.

The next target is $1366, the high from 25 January. Support is possible around $1348, $1345 and then $1337.

WTI uptrend is revived

WTI came back to life yesterday, with the recovery above $60.74 being an encouraging sign for the bulls.

The upside targets to watch would be $62.56 and then $66.58. A turn lower could find support at $60.74, $59.02 and then $55.67.

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