Weekly Trading Levels – Gold & WTI Crude Oil - Forex News by FX Leaders

Weekly Trading Levels – Gold & WTI Crude Oil

Posted Tuesday, July 11, 2017 by
Arslan Butt • 1 min read

Despite the US Independence Day and limited market participation in expectation of Friday's U.S. labor market figures, there was some decent market movement in the first week of July of which we took advantage and made some profits.

The market traded exactly as we expected.  WTI crude oil maintained a bearish streak for 4 consecutive trading days and traded between our trading levels. Anyway, we have a really cool Support and Resistance Levels article for our forex friends. Let's take a look at the new weekly trading levels.

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1207            R1: 1234

S2: 1198            R2: 1242

S3: 1185            R3: 1256

Key Trade Level: $1220

WTI – Crude Oil – Trading Levels

Support             Resistance

S1: 43.13             R1: 46.48

S2: 42.94            R2: 47.31

S3: 41.59            R3: 48.67

Key Trade Level: $45.13

Cryptocurrencies – Coming Soon

We are about to add more instruments to our trading arsenal which include cryptocurrencies. Stay tuned for analysis on new instruments and keep an eye on our powerful forex signals. Good luck!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of