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