August 9th – 13th Weekly Trading Levels for Gold & WTI Crude Oil

Posted Wednesday, August 9, 2017 by
Arslan Butt • 1 min read

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Yesterday the FED delivered a hawkish pause with the DOT Plot pointing to more rate hikes, today the SNB and the BOE should hike by 25 bps
17 hours ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments