Pre-Christmas Trading Levels For Gold & WTI Crude Oil! - Forex News by FX Leaders

Pre-Christmas Trading Levels For Gold & WTI Crude Oil!

Posted Monday, December 18, 2017 by
Arslan Butt • 1 min read

Last week, the market remained highly volatile due to the US interest rate hike, and we closed some nice profits on the Gold. However, this week we may experience random behavior in the market as the thin trading volume will not help investors determine the one-sided trend.

Gold – XAU/USD – Trading Levels

Support              Resistance

S1: 1,241             R1: 1,260

S2: 1,235             R2: 1,266

S3: 1,225             R3: 1,276

Key Trade Level: $1,251

WTI – Crude Oil – Trading Levels

Support             Resistance   

S1: 56.36            R1: 58.25

S2: 55.78            R2: 58.82

S3: 54.84            R3: 59.76

Key Trade Level: $57.30

We don’t have many fundamentals on the docket this week and the market is very likely to trade as per these trading 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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