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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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.

Gold price and oil price both fall

Commodity prices have come under pressure in early trading, with oil particularly hard-hit.

Source: Bloomberg

Gold edges lower

Gold has turned lower in early trading, although for now it is holding the 50-day SMA ($1938). A move below this likely creates a more bearish impression and brings $1863 into view. A recovery above $1970 is needed to help revive a forecast of higher prices.

Source: ProRealTime

WTI in full retreat

The WTI price has turned down from the lower high created last week, dropping back from the 50-day SMA ($41.26). Further declines target $38.40, the 100-day SMA, and then on down towards $36 and the lows seen earlier in September. Bulls need to lift the price back above the 50-day SMA to help revive a bullish view.

Source: ProRealTime

React to volatility on commodity markets

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1In the case of all DFBs, there is a fixed expiry at some point in the future.

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

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