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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.

Technical analysis: key levels for gold and crude

Gold seems to be acting like a coiled spring, but oil prices continue their move upwards.

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Gold faces a crunch point

The range continues to tighten for gold, suggesting an outbreak of higher volatility when the price finally breaks out.

The levels to watch are $1294 and $1288.

Gold chart
Gold chart

WTI keeps on rallying

WTI appears to have shrugged off weakness from earlier in the week, and having consolidated around $51.00 is now moving higher.

The near-term targets are $53.00 and $53.57 while a more bearish view requires a break below $51.00, the lows from earlier in the week.

WTI chart
WTI chart

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