Oct. 10-15 - Gold & WTI Crude Oil Trading Levels - Forex News by FX Leaders

Oct. 10-15 – Gold & WTI Crude Oil Trading Levels

Posted Tuesday, October 10, 2017 by
Arslan Butt • 1 min read

Since this week is a bit light from the fundamentals point of view, I got the weekly support and resistance levels to help you position technically.

 

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,278             R1: 1,291

S2: 1,270             R2: 1,296

S3: 1,257             R3: 1,309

Key Trade Level: $1,283

 

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 49.05            R1: 51

S2: 48.40            R2: 51.55

S3: 47.39            R3: 52.61

Key Trade Level: $50         

 

Fellas, don't forget that we have Crude Oil inventories figures every week. This has a potential to shake the Crude Oil prices. Thus, we need to be cautious about these reports before taking any position in Oil. Check our FX Leaders Support and Resistance Strategy to make the best of these levels. Good luck 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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