When the market moves
Hours depend on the underlying venue and contract. Liquidity often clusters around major futures sessions and benchmark fixings. Contract holidays and maintenance breaks matter.
Markets / Commodities
Trade markets shaped by the physical world.
Commodity prices connect financial markets with physical supply chains. Metals, energy, and agricultural products respond to different production cycles, inventories, weather, transport constraints, and geopolitical events.
CFD exposure only. You do not own the underlying asset.
Commodities watchlistIllustrative
XAU/USD2,431.85▲ 0.22%
WTI OIL78.64▼ 0.31%
SILVER28.42▲ 0.19%
NAT GAS2.31▼ 0.44%
COPPER4.52▲ 0.14%
Market structure
How commodities trading works.
Understand the contract
Quotes and contract sizes vary: metals may be quoted per ounce, energy per barrel or energy unit, and agriculture per bushel or pound.
Price discovery
What moves commodities prices?
Price responds to changing expectations. These are the main categories to monitor.
01
Supply and inventories
Production, stockpiles, spare capacity, and logistics shape availability.
02
Demand cycle
Industrial activity, travel, construction, and consumer demand influence consumption.
03
Weather and geopolitics
Storms, droughts, conflict, and sanctions can disrupt supply chains.
04
Currency and rates
Many commodities are USD-priced; rates and currency moves can affect demand and holding cost.
Market map
Types of commodities exposure.
Precious metals
Gold, silver, and related metals used as assets and industrial inputs.
Energy
Oil, refined products, and natural gas with regional supply dynamics.
Industrial metals
Copper and other materials linked to construction and manufacturing.
Agriculture
Crops and soft commodities exposed to seasons, weather, and harvests.
Category risk
Know what can go wrong.
Commodities CFDs use leverage. Product-specific risk must be understood before an order is placed.
Contract rollover
Derivative prices can change when exposure moves between futures months.
Extreme volatility
Supply shocks and weather can produce sudden, unusually large moves.
Curve structure
Contango or backwardation can affect rollover economics.
Specialized units
Misunderstanding contract size or tick value can cause sizing errors.
Before the trade
Use a repeatable preparation checklist.
A checklist cannot remove risk, but it can reduce avoidable errors.
01
Identify the benchmark and underlying contract month.
02
Review inventory reports, weather, and relevant events.
03
Confirm unit, tick value, and rollover treatment.
04
Account for gap and supply-shock risk.
Key terminology
Speak the language of commodities.
- Spot
- Price associated with near-immediate delivery or a spot reference.
- Futures curve
- Prices across different contract expiries.
- Contango
- Later contracts priced above nearer contracts.
- Backwardation
- Later contracts priced below nearer contracts.
Commodities FAQ
Common questions, clear answers.
Do commodity CFDs deliver the product?+
No. CFDs settle price differences and do not involve physical delivery.
Why does rollover matter?+
Different futures months can trade at different prices, affecting continuous derivative exposure.
Are gold and oil driven by the same factors?+
No. Each commodity has distinct supply, demand, monetary, and geopolitical sensitivities.
Important risk warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. [XX]% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade only what you understand.
Review the product terms, costs, and risk before opening a leveraged position.