Technical Trading Levels For Gold & WTI Crude Oil – Weekly Numbers
Arslan Butt • 1 min read
In the beginning of this week, we didn’t share trading levels on gold and WTI crude oil as these were trading exactly in line with our previous trading levels. However, this morning, the gold violated the previous level due to slight volatility because of technicals, specifically the to symmetric triangle breakout. Whereas, the WTI crude oil has managed to trade within our suggested trading levels.
Yesterday, there were four speeches from different central bank officials which suggested a hawkish outlook for the upcoming policy meetings. In response, the commodities market, and specifically the precious metal gold has completely upset our weekly support and resistance levels. Let's have a look at the new weekly trading levels.
Gold – XAUUSD – Trading Levels
S1: 1244 R1: 1255
S2: 1237 R2: 1260
S3: 1232 R3: 1269
WTI – Crude Oil – Trading Levels
S1: 44.24 R1: 45.19
S2: 43.66 R2: 46.14
S3: 42.71 R3: 46.74
CryptoCurrencies – Coming Soon
Aside from gold & crude oil, we are about to add more instruments such as CryptoCurrencies. Stay tuned for new analysis & forex signals. Refer to our new article on Cryptocurrencies for a better understanding. Good Luck!