Nov. 27 to Dec. 3 – Gold & WTI Crude Oil Trading Levels - Forex News by FX Leaders

Nov. 27 to Dec. 3 – Gold & WTI Crude Oil Trading Levels

Posted Monday, November 27, 2017 by
Arslan Butt • 1 min read

This week, the economic calendar is full of speeches from the Fed FOMC members but the investors will closely monitor Fed Chair Yellen on Nov 29. I will be sharing a detailed review of the event on Wednesday.

In addition to these speeches, the United States will also be releasing Prelim GDP q/q figures which may cause huge fluctuations in the Gold. Considering all these factors in mind, here are the weekly trading levels to trade Gold and Crude Oil.

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,278             R1: 1,293.53

S2: 1,273             R2: 1,298.32

S3: 1,265             R3: 1,306.07

Key Trade Level: $1,285.78

WTI – Crude Oil – Trading Levels

Support             Resistance   

S1: 56.46            R1: 59.14

S2: 55.86            R2: 59.92

S3: 54.61            R3: 61.17

Key Trade Level: $57.59

Keep an eye on the API and EIA inventories figures on Tuesday and Wednesday respectively to trade Crude Oil. Do check FX Leaders Support and Resistance strategy to make the best use of these levels. Good luck!

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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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