Oct. 16 to 22 – Gold & WTI Crude Oil Trading Levels
Arslan Butt • 1 min read
The Gold and Crude Oil traded in line with our previous trading levels, now here comes the new support and resistance levels for the current week. The renewed chances of further sanctions by the US on Iraq are keeping the Gold and Oil supported. Do check FX Leaders Support and Resistance strategy to make the best use of these levels.
Gold – XAU/USD – Trading Levels
S1: 1,283 R1: 1,304
S2: 1,276 R2: 1,311
S3: 1,265 R3: 1,322
Key Trade Level: $1,294
WTI – Crude Oil – Trading Levels
S1: 49.72 R1: 51.71
S2: 49.11 R2: 52.31
S3: 48.13 R3: 53.30
Key Trade Level: $50.70
Just like last week, the Crude Oil inventories will be worth watching to trade the Crude Oil. In addition, the economic events from the United States such as Unemployment Claims and Janet Yellen’s speech later this week. All the best!