Gold and oil head higher once again
Further gains in commodities have taken place ahead of the FOMC meeting tonight, though some volatility is to be expected around the decision.
Gold
Fresh gains over the past two days leave the price on course to retake $1860 and higher.
The steady uptrend of December and early January appears to be giving way to a stronger move. In the event of a reversal, we watch for a pullback towards $1830 and then $1807 as possible support.
WTI
After bouncing from trendline support earlier in the week the price has now begun to push above short-term trendline resistance from the mid-January highs. $86.80 is the next short-term level to watch for a break above previous highs.
A reversal would bring trendline support back into play, and then on to $82. A broader retracement requires a drop below $82.
React to volatility on commodity markets
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1
- 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
1In the case of all DFBs, there is a fixed expiry at some point in the future.
See opportunity on a commodity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on a commodity?
Don’t miss your chance. Upgrade to a live account to take advantage.
- Analyse and deal seamlessly on fast, intuitive charts
- Get spreads from just 0.3 points on Spot Gold
- See and react to breaking news in-platform
See opportunity on a commodity?
Don’t miss your chance. Log in to take your position.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
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.