Commodities Spread Betting
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Welcome to Clean Financial's guide to Commodities spread betting.
Quick and simple answers to common Commodities questions:
Q) Where can I Spread Bet on Commodities?
Q) Where can I Trade for Free on Commodities?
Q) How to Spread Bet on Commodities?
Q) Where can I find Free Live Prices on Commodities?
Q) Where can I find Free Commodities Charts?
Q) Where can I find free Commodities Trading News?
Q) Where can I find Commodities Technical Analysis?
Q) Where can I find Narrow Commodities Spreads?
Q) Where can I find a Free Commodities Trading Platform / Software?
Spread Betting Companies - Commodities Narrow Spreads Comparison
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| Gold Daily - Spread Size |
4 |
5 |
4 |
4 |
5 |
4 |
5 |
4 |
| Gold Daily - Min Stake |
£1 |
£1 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
| Gold Future - Spread Size |
6 |
6 |
6 |
6 |
7 |
6 |
13 |
6 |
| Gold Future - Min Stake |
£1 |
£1 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
| Brent Crude Daily - Spread Size |
5† |
5 |
5† |
4 |
5† |
5† |
5 |
5† |
| Brent Crude Daily - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| Brent Crude Future - Spread Size |
5 |
6 |
5 |
6 |
5 |
5 |
5 |
5 |
| Brent Crude Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| US Crude Oil Daily - Spread Size |
5† |
5 |
5† |
4 |
5† |
5† |
6 |
5† |
| US Crude Oil Daily - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| US Crude Oil Future - Spread Size |
5 |
6 |
5 |
6 |
5 |
5 |
6 |
5 |
| US Crude Oil Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes
Commodities Spread Betting, 3 February 2012
Gold had a little move to the upside yesterday and reached new near term highs. This morning the precious metal is at $1758 a touch lower, but still very much in its short term bullish uptrend.
The bulls must be eying up the $1800 level, but the resistance at $1767 and $1790 needs to be overcome first.
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $112.07
- WTI Nymex / US Oil (March) closed yesterday at $96.36
Commodities Spread Betting, 2 February 2012
Gold was pretty much flat on the day and couldn’t quite take on the $1750 level.
This is just about the only one of the most popularly traded markets that our spread betting clients are actually long of and so they are hoping for further strength towards $1750 and beyond.
If the risk appetite sustains itself then we could see continued strength in gold as the bulls take on resistance seen at $1760 and $1775.
Brent was also in demand yesterday in line with the equity market rally and the black gold continues to be well supported by geopolitical tensions between Iran and the West.
The improvement in manufacturing data across the board also kept the commodity in demand. This morning Brent crude oil is at $112.20 and support and resistance is seen at $111.00 and $112.80 respectively.
Commodities Spread Betting, 1 February 2012
The gold spread betting market continues to hover around its recent highs and this morning is at $1738.
Underlying strength in the precious metal seems to be coming from both angles with the price getting support from both increased risk appetite as well as risk aversion when the euro gives back a little bit.
The bulls will be targeting $1748 and $1760 meanwhile support is seen at $1703 and $1680.
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.98
- WTI Nymex / US Oil (March) closed yesterday at $98.48
Commodities Spread Betting, 31 January 2012
With a stronger US dollar, gold found it hard to break into positive territory yesterday, ending the session down $8 at $1729.5.
It seems investors around the world were yet again nervous about European debt woes, helped by the lack of an agreement materialising with Greece’s creditors over the weekend, which dampened the bullish momentum.
Another factor in the decline may have been profit taking as traders looking at their gold technical analysis may have thought that the precious metal was getting too high above the moving averages.
Nevertheless, at time of writing, the yellow brick has made ground and added yesterday’s losses back on to the price with a tad more, trading at $1743.1.
Concerns over Iran’s nuclear powers were alleviated in yesterday’s session as the International Atomic Energy Agency began its visit to the Middle Eastern nation, showing that they’re not completely closed off to dialogue.
Something else to consider in the day’s decline was risk adverse investors finding safety in the US dollar, which in turn helped drive crude prices lower. At time of writing, Brent is up on the day at $111.62.
Commodities Spread Betting, 30 January 2012
After plummeting from its record high of $1920.9 towards the end of last year to lows of $1522.4 on the back of EU woes, investors are now starting to view gold as a safety haven again. This is especially true given that last week the Fed told the markets that US interest rates were going to stay low until at least 2014.
It appears that confidence is being reinstated into investors’ minds that Greece could at the very least avoid a default in the short term. The precious metal rallied $18 on Friday to close at $1738.4, a level last seen on December 8th.
Currently, the shiny brick trades down on the day at $1720.5 as it declines in line with other risk assets.
Even with a weaker dollar, energy investors couldn’t keep crude oil prices up and instead followed the slumping equity markets.
A slower than projected growth for the US economy, the biggest oil consumer, heightened concerns that demand for black gold could drop and this showed in the trading session.
On the other hand, the 2.8% growth was the fastest in more than 18 months and the US economy is expected to surpass Europe this year which helped limit the losses during the session. Brent is a little softer this morning at $110.90.
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Commodities Spread Betting, 27 January 2012
It was a real risk on scenario following the Fed's announcement that interest rates are due to remain at their record lows into 2014 and you can safely say that a similar thing might happen here in the UK.
The buyers piled back into mining stocks as metal prices soared with gold and copper prices spiking.
The gold spread betting market was also in demand after its initial big spike on Wednesday then that strength continued through to yesterday as the yellow brick smashed through $1700 and onwards to $1730.
The profit taking across risk assets has filtered through to gold as well which is a little lower this morning to $1717.
The bottom line for gold is that if the US is thinking about more monetary easing, gold is likely to be a one way ticket and clients remain heavily long of the metal.
Near term support and resistance is seen at $1703/1680 and $1730/1738 respectively.
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.79
- WTI Nymex / US Oil (March) closed yesterday at $99.70
Commodities Spread Betting, 26 January 2012
Spread betting investors long of gold yesterday evening would have been whooping with joy.
The precious metal doesn’t pay interest so during a time of low interest rates it is often bought as an alternative asset. This was certainly the case yesterday as, after the news from the Fed that rates would remain low into 2014, there was a spike of some 40 dollars, meaning the highest level since December 12th was reached at $1713.0.
In total for the day, $45.2 was added onto the price of the yellow brick, which closed at $1710.6.
Support was also given from a slumping dollar and fear of inflation further down the road once the global economy gets back on its feet. This morning the bulls are taking a little bit off the top as gold trades at $1705.
The weekly oil inventories report from the US Dept of Energy showed a mixed bag, with crude stockpiles rising higher than estimated yet gasoline inventories dropped against expectations of a rise.
On the back of this, the crude oil spread betting market remained around par until the Feds statement that interest rates were staying low for longer, which caused a slight rally, but only enough to push prices marginally higher. At time of writing, Brent crude trades at $110.41.
Commodities Spread Betting, 25 January 2012
Gold had a go at the $1680 level yesterday and continues with its upward trend, having bounced its way off support areas during its recent little run higher.
Our spread betting account holders remain bullish of the precious metal and will be hoping at some point of a return to the dizzy heights recorded last year around $1900.
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.03
- WTI Nymex / US Oil (March) closed yesterday at $98.95
Commodities Spread Betting, 24 January 2012
Carrying on with the bullish trend, gold got another boost yesterday, rallying $10.6 to close at $1676.7.
Demand was given a leg up by the slumping dollar, meaning that risk adverse investors were in search for an alternative safety haven amid the European uncertainty.
Chartists and those using technical analysis will be aware that the medium term trend has now turned sideways and the chart shows the 9 and 14 day moving averages crossing above the 40 day MA. At time of writing, the precious metal is seeing a small pullback and is trading down at $1672.0.
The main driver for crude oil prices yesterday was the announcement that the European Union will ban Iranian oil imports from July 1st.
This comes in response to Iran’s reluctance to halt its nuclear program and has put the energy sector on red alert. The Middle Eastern nation has threatening to close the Strait of Hormuz which allows around 20% of global crude to be shipped through.
The other factor driving prices higher was the weakening US dollar, meaning that crude looked like a good bargain to potential buyers. Currently, Brent trades up at $110.92.
Commodities Spread Betting, 23 January 2012
Gold ended the week on a high as nervous investors wanted to hedge themselves ahead of a busy weekend with Greek officials looking to strike a deal with the country’s bond holders.
By the close of business, it had risen $7.7 to $1665.7, the highest move since December 12th, keeping the bullish momentum. Currently, things are still looking good for the precious metal which is trading up at $1669.4.
Alarm bells were ringing on Friday after the International Monetary Fund cut its forecast for this year’s world economic growth. This led investors to believe that demand for energy would plummet, sending the crude oil spread betting market through the floor.
No support was provided by the single currency either as there was no deal reached on the Greek’s debt burden.
At time of writing, Brent crude is up slightly on the day at $110.23 as the EU announces that it will enforce an embargo on Iranian oil from the 1st July.
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The above comments do not constitute investment advice and neither Financial Spreads nor Clean Financial accept any responsibility for any use that may be made of them.
Article provided / approved by Financial Spreads which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.
Commodities Spread Betting Comment by Financial Spreads,
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Where can I Spread Bet on Commodities?
You can currently spread bet on Gold, Crude Oil and other Commodities at:
Where can I Trade for Free on Commodities?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice spread trading see below.
Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on Crude Oil, Gold and other Commodities commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including Commodities markets like Gold, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on Commodities?
As with many markets, you can spread bet on the future price of commodities, like Gold, to increase or decrease.
At the time of writing the Gold (December) market is $837.3 - $838.1 with FinancialSpreads.com. This market expires on 27-Nov-07.
Therefore you can spread bet on Gold settling:
- Above $838.1 on 27-Nov-07, or
- Below $837.3 on 27-Nov-07
With the Gold market, you trade in £x per tick, where a tick is $0.1 of Gold movement. Eg if your stake was £2 per tick and the Gold moves $1.2 then that would be a £24 difference to your profits (12 ticks x £2 per tick = £24).
Gold Spread Betting Example
Let's say, taking the above spread of $837.3 - $838.1, that after your market analysis you feel that Gold will rise above the $838.1 mark by 27-Nov-07.
Therefore you buy at $838.1 for a stake of £1 per tick.
If by the closing date of 27 Nov the market settles at $845.7. Then your profit and loss is worked out by taking the difference between the final price of $845.7 and the opening price of $838.1 and then multiplying that by the stake per tick.
Profit / loss = (($845.7 - $838.1) / $0.1) x £1 per tick stake.
(ie the forecast price of gold has increased by $7.6)
= ($7.6 / $0.1) x £1 per tick stake.
= £76 profit.
However if the market didn't move as predicted and had the Gold market decreased then you would have lost on this spread bet. Eg if the yellow metal settled at $827.9, then:
Loss = (($827.9 - $838.1) / $0.1) x £1 per tick stake.
= (-$10.2 / $0.1) x £1 per tick stake.
(ie the forecast price of gold has decreased by $10.2)
= -£102 loss.
Where can I Find Free Live Prices on Commodities?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
There are also live prices available at:
Where can I Find Free Commodities Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
Where can I find Free Commodities Trading Platforms / Software?
Some of the trading firms offer software / trading platforms you have to download but most offer free web based platforms that allow easier access from home, the office and most other places with Internet Access.
The following also offer free live prices and charts:
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Commodities Spread Betting' by DB, updated 03-Feb-12
For related pages also see:
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Crude Oil Spread Betting, updated 03-Feb-12
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Q) Average Trading Results?
A) Get free spread betting tips, offers, price updates, important news and more!
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