August 9th – 13th Weekly Trading Levels for Gold & WTI Crude Oil
Just yesterday, I shared the U.S. stock market indices trading levels, including S&P500 & DJIA. Hopefully, these helped in dealing with this morning's mess caused by North Korea & the United States. The impact isn't limited to stocks, the commodity market is also getting waves of it. Let's take a look at the new trading levels which may help us deal with the volatility.
Gold – XAU/USD – Trading Levels
Support Resistance
S1: 1262 R1: 1270
S2: 1254 R2: 1274
S3: 1250 R3: 1282
Key Trade Level: $1262
WTI – Crude Oil – Trading Levels
Support Resistance
S1: 48.64 R1: 49.60
S2: 48.35 R2: 49.89
S3: 47.87 R3: 50.37
Key Trade Level: $49.20
During the U.S. session, EIA is expected to release crude oil inventories figures at 14:30 (GMT). Those figures should help us plan our future trades.
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