Oct. 2 – Seventh Trading Levels – Gold & WTI Crude Oil - Forex News by FX Leaders

Oct. 2 – Seventh Trading Levels – Gold & WTI Crude Oil

Posted Monday, October 2, 2017 by
Arslan Butt • 1 min read

FX Junkies were anxiously waiting for this week as the U.S. will be releasing Labor Market Reports. The NFP and unemployment rate are the most awaited events of the month. In addition to this, we have few other top-tier economic events coming out from the U.S. such as the ISM Manufacturing and Fed Chair Janet Yellen's speech. Let's take a look to at this week's support and resistance levels in order to position yourself against news.

Gold – XAU/USD – Trading Levels

Support               Resistance

S1: 1,275             R1: 1,304

S2: 1,266             R2: 1,312

S3: 1,251             R3: 1,327

Key Trade Level: $1,289

WTI – Crude Oil – Trading Levels

Support              Resistance   

S1: 50.65            R1: 54.05

S2: 50.07            R2: 53.11

S3: 49.13            R3: 54.05

Key Trade Level: $51.59

Check our FX Leaders Support and Resistance strategy to make best of these levels. All the best and keep following up for more profitable forex trading signals.

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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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