Trading Levels July 17th – 23rd, Gold & WTI Crude Oil - Forex News by FX Leaders

Trading Levels July 17th – 23rd, Gold & WTI Crude Oil

Posted Tuesday, July 18, 2017 by
Arslan Butt • 1 min read

Several top-tier fundamentals are on the table this week. Like last week, these have the potential to change the technical geography of the markets. This update will specify the weekly trading levels which will guide us before we place any position.

The rules of the game are simple; we need to make sure that we don't buy below the resistance and sell above the support. Refer to FX leader support and resistance trading strategy to learn how to profitably trade below levels. Let's take a look at the trading levels!

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1229             R1: 1239

S2: 1221            R2: 1242

S3: 1207            R3: 1256

Key Trade Level: $1229

WTI – Crude Oil – Trading Levels

Support             Resistance

S1: 45.63             R1: 46.80

S2: 44.45            R2: 47.52

S3: 42.56            R3: 48.70

Key Trade Level: $45.65

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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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