Nov. 16 – Gold & WTI Crude Oil Weekly Trading Levels
Arslan Butt • 1 min read
During the Asian trading session, we shared a Gold analysis, and the precious metal trading as planned. On the flip side, our forex trading signal on Crude Oil is showing some green pips.
In order to take more grip on the market, check out new support and resistance levels for Gold and Crude Oil. Check FX Leaders Support and Resistance strategy to make the best use of these levels.
Gold – XAU/USD – Trading Levels
S1: 1,268 R1: 1,285
S2: 1,263 R2: 1,290
S3: 1,254 R3: 1,299
Key Trade Level: $1,276.85
WTI – Crude Oil – Trading Levels
S1: 54.47 R1: 56.67
S2: 54.35 R2: 52.22
S3: 53.47 R3: 58.11
Key Trade Level: $55.79
Today, we have few high impact economic events from the US at 2:15 p.m. particularly the Capacity Utilization Rate and Industrial Production. These may cause some fluctuations in the Oil market. So we should be ready for it. All the best!