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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how 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 been given new momentum by news of fresh Chinese tariffs, but oil remains under pressure. 

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Gold surges on trade war news

Fresh China tariffs have sent gold flying, pushing back towards Monday’s high at $1345.

Above here, $1355 comes into view. Further losses below $1333 would bring into question the rising trend from last week’s low.

Gold chart

WTI aims to hold 50-day SMA

WTI continues to fight to hold the 50-day simple moving average (SMA) of $62.78.

A bounce from here would target the recent high at $66.58. Further declines bring $60.74 and then $60.00 into view. A move below $59.90 would endanger the series of higher lows seen since the summer. 

WTI chart

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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