Weekly Trading Levels – Gold & WTI Crude Oil

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!