Gold & WTI Crude – Weekly Support and Resistance Levels

Posted Monday, February 19, 2018 by
Arslan Butt • 1 min read

During the previous week, the commodities traded exactly as per our support and resistance levels forecasted in Gold & WTI Crude Oil Under Bearish Attack. Gold fell plunged sharply after the US inflation report but soon recovered on the stronger dollar.

This week is fully loaded with some really high impact economic events and we may see massive movements in the financial markets. In order to cope up with these moves, here are the key support and resistance levels.

Gold – XAU/USD – Trading Levels

Support     Resistance

1326.86         1374.96

1297.53         1393.73

1278.76         1423.06

Key Trading Level:    1,345.63

WTI – Crude Oil – Trading Levels

Support     Resistance

59.25           63.04

56.83          64.41

55.46          66.83

Key Trading Level:    60.62

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments