Technical analysis: key levels for gold and crude
Gold is at last able to push higher, while oil prices are looking to follow up on fresh highs for the year.
Gold finally finds some upside momentum
After a week of trying and failing to move higher, gold might finally have found some bullish momentum.
Further gains above $1300 target $1309 and $1326, while a failure to move above $1300 reinstates the existing range and suggests a renewed push back towards $1285.
WTI pushes on after new highs for the year
Brief pullbacks continue to provide buying opportunities for WTI, as we saw last Friday.
A fresh push back towards $62.00 would likely see more buyers emerge, while further gains target $66.05.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Speculate on commodities
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
Live prices on most popular markets
- Forex
- Shares
- Indices
