Gold & WTI Crude Oil Trading Levels – Fed Fund Rate In Focus! - Forex News by FX Leaders

Gold & WTI Crude Oil Trading Levels – Fed Fund Rate In Focus!

Posted Monday, December 11, 2017 by
Arslan Butt • 1 min read

The Gold and Crude Oil traded in line with our previous trading levels, now here comes the Pre-FOMC trading levels for Gold & WTI Crude Oil. The Federal Reserve is expected to increase the interest rates by 0.25% from 1.25% to 1.50%. These levels are going to support us throughout the week. Take a look…

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1,243             R1: 1,269

S2: 1,235           R2: 1,277

S3: 1,222            R3: 1,290

Key Trade Level: $1,256

WTI – Crude Oil – Trading Levels

Support             Resistance   

S1: 56.16            R1: 58.08

S2: 55.57            R2: 58.67

S3: 54.61            R3: 59.63

Key Trade Level: $57.12

Traders, the EIA is expected to release crude oil inventories figures on Wednesday at 15:30 (GMT). While Federal Funds Rate is due at 19:00 (GMT) right after Crude Oil Inventories. It’s better plot these levels on the chart for better grip on the prices. Good luck!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
During Wednesday's Asian trading session, the [[WTI]] crude oil prices failed to end its previous two-day declining streak and remained bear
21 mins ago

Leave a Reply

Notify of