Nov. 20 to 26 – Gold & WTI Crude Oil Trading Levels - Forex News by FX Leaders

Nov. 20 to 26 – Gold & WTI Crude Oil Trading Levels

Posted Monday, November 20, 2017 by
Arslan Butt • 1 min read

This week, the global markets will be influenced by the central bank's monetary policy meeting minutes. We are also expecting FOMC meeting minutes later this week, so Gold will also show some fluctuations.

 

Additionally, we have weekly inventory figures coming out on Nov. 22 and this will determine the further trend in Crude Oil. I will write more about this in the next few days, but for now, let's take a look at weekly trading levels of Gold and Crude Oil.

 

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,276             R1: 1,297

S2: 1,270             R2: 1,303

S3: 1,260             R3: 1,314

Key Trade Level: $1,287

 

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 55.28            R1: 57.05

S2: 54.73            R2: 57.60

S3: 53.85            R3: 58.49

Key Trade Level: $56.17         

If you are following me for the first time then check FX Leaders Support and Resistance strategy to make the best use of these levels. All the best!

 
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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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