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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.

Gold price and WTI crude price higher, while natural gas price drops back

Gold and oil both saw losses on Thursday, but have edged higher this morning. Meanwhile, natural gas could be at risk of further falls.

Source: Getty Images

Gold struggles to make progress

The gold price saw some of the gains from earlier in the week slip away on Thursday, though it remains above the lows seen last Friday.

The zone around $2280 continues to hold as possible support, while a new move to the upside targets trendline resistance from the May highs.

A breakout above $2360 would break trendline resistance and target last week’s highs at $2385.

Source: ProRealTime

WTI tests trendline resistance

Thursday saw a weaker close for WTI as it tested trendline resistance.

However, the price has recovered on Friday, preventing the formation of a lower high for now. A close below yesterday’s lows would help to reinforce the short-term bearish view.

A close above trendline support targets the $80 highs from late May.

Source: ProRealTime

Negative divergence in natural gas?

The price has retreated for two days, though the move higher from late May remains in place.

In the short-term, bulls will want to see a close back above 3200 to open the way to more upside.

Sellers will note the divergence between the price and daily stochastics, which hit a lower high even as the price reached a higher high. This looming divergence could spell trouble in the short-term.

Source: ProRealTime

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