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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

​​​WTI bounces off support, gold grapples with resistance while US natural gas prices rise

​​Outlook on WTI, gold and natural gas amid easing concerns of a wider conflict in the Middle East.

Source: Bloomberg

​​​WTI bounces off this week’s low ​ ​

WTI is regaining some lost ground amid easing concerns of a wider conflict in the Middle East and is about to flirt with its 55-day simple moving average (SMA) at $85.37 per barrel which capped the upside over the past couple of days. ​If bettered, the mid-October high at $87.05 may be revisited. ​Strong support remains to be seen between the current October lows at $81.95 to $81.21.

Source: ProRealTime

​ ​Gold probes significant resistance zone

​Gold’s around 9% safe haven rally since the Middle East flared up has taken it to its key $1,983 to $1,987 per troy ounce June and July highs which, together with last week’s high at $1,997 and the psychological $2,000 mark, constitute a significant resistance area which is expected to cap today. ​If not, the March peak at $2,009 would be eyed. ​Support below the steep, accelerated uptrend line at $1,983 comes in between this week’s low at $1,954 and the September highs at $1,953 to $1,947. While this area holds, the medium-term uptrend stays intact.

Source: ProRealTime

​Natural gas prices trade in new ten-month high ​

US natural gas futures reached a new ten-month high at $3.586 on Thursday, marginally above their early October high, as Israel is preparing for a ground invasion of the Gaza strip. ​Having so far seen five consecutive days of gains, the price of US natural gas is expected to continue on its upward trajectory towards its 12 January $3.742 January high ahead of the minor psychological $4.000 mark. ​Minor support below Thursday’s $3.505 low can be found at the mid-October $3.432 high.

Source: ProRealTime

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