Long Term Support & Resistance Levels – Gold & Crude Oil

Arslan Butt•Thursday, April 13, 2017•1 min read

We are approaching Easter and investors are feeling hesitant about entering into the less volatile markets. Consequently, commodities are consolidating into a narrow range. Let's have a look at the major trading levels for the Gold and Black Gold (the Crude Oil).

Gold – XAUUSD – Trading Levels

Support Resistance

S1: 1273.82 R1: 1289.68

S2: 1257.96 R2: 1299.47

S3: 1248.17 R3: 1315.33

S4: 1232.31 R4: 1337.44

WTI – Crude Oil – Trading Levels

Support Resistance

S1: 51.68 R1: 52.84

S2: 50.51 R2: 53.56

S3: 49.79 R3: 54.73

S4: 48.63 R4: 55.44

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.