Gold & WTI Crude - Weekly Support and Resistance Levels - Forex News by FX Leaders

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

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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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