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
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