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