Interested in spread betting gold or ftse? Key levels & update 07-07-11

FinancialBettingUK on Jul 7, 2011

http://www.WorldSpreads.com
If you are interested in spread betting gold or the FTSE [UK100], then you should listed to the points Alastair McCaig makes.

Alastair talks about some of the key levels these markets have been trading off.

Commodity spread betting is very popular with traders, particularly gold, while FTSE spread betting is one of the most popular ways for traders to trade the indices.

A key point at the moment is whether the commodity heavy FTSE index can break important overhead resistance, dragged higher by a move in gold.

Other important elements include the ECB rate decision and also the key influence the ratings agencies are currently having. One rating agency has just downgraded Portugese debt to junk status but has also significantly raised fears over two of China's banks.

Spread betting traders need to be aware of the impact of market news and key levels in the markets they are looking to trade.

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