Skip to content

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.
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.

Brent crude oil trades near 10-month high, sugar near 12-year high while gold falls​​​

​​Outlook on Brent crude oil, gold and sugar ahead of the ECB rate decision, US PPI and retail sales.

Source: Bloomberg

​​​Brent crude oil remains close to ten-month high ​

​The price of Brent crude oil remains close to Wednesday’s ten-month high at $92.45 on worries of further supply tightness. ​A rise above the July 2022 low at $92.43 and the $92.45 level would put the mid-September 2022 high at $95.19 on the map. ​Support below the three-week uptrend line at $91.66 is seen at the early September high at $90.98.

​While Friday’s low at $89.09 underpins, further upside pressure remains in store. Further down potential support can be spotted between the 5 September and mid-August high at $87.92 to $87.83.

Source: ProRealTime

​Gold price continues to slide

​Gold’s slide from its $1,953 per troy ounce early September high remains on track to reach the July and 25 August lows at $1,904 to $1,903. If fallen through, the June trough at $1,893 may also be reached. ​Resistance remains to be seen along the 200-day simple moving average (SMA) at $1,922.

While the next higher 55-day simple moving average (SMA) and Monday’s high at $1,931 cap, downside pressure should retain the upper hand.

Source: ProRealTime

​Sugar #11 consolidates below 12-year high

​Front month sugar futures once more consolidate below Tuesday’s near 12-year high at 27.42 and may slip back towards their 26.81 April peak amid ongoing concerns about Indian sugar production. ​While the 7 September low at 26.16 underpins, another attempt at the upside may ensue.

A daily chart close above the 27.42 high could target the psychological 30.00 mark. ​Minor support below the 26.21 to 26.16 June peak and Thursday’s low sits at the late August 26.11 high. ​While the last significant reaction low – the late August trough at 25.30 - holds, the medium-term uptrend remains intact. A reaction low is made when the low of a daily candlestick is below that of the day preceding it and the day following it.

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


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. See full non-independent research disclaimer and quarterly summary.