Long Term Support & Resistance Levels – Gold & Crude Oil - Forex News by FX Leaders

Long Term Support & Resistance Levels – Gold & Crude Oil

Posted Thursday, April 13, 2017 by
Arslan Butt • 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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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