Gold & WTI Crude Oil Trading Levels Ending The Week
Arslan Butt • 1 min read
Gold and Crude Oil prices dipped as the Greenback remained strong following Federal Reserve Chairman Jerome Powell’s remarks that goaded anxieties of faster-than-expected hikes in rate. Today, the investors await his second testimony in front of the Senate Banking Committee. Wondering what to expect from Powell today? Check FX Leaders March 1 – Economic Events Brief.
The OPEC and other oil producing countries seem to fail in controlling the Crude Oil output. Even yesterday, the EIA reported a build of 3M inventories, higher than the -1.6M draw beforehand. Both of the commodities are in attendance of investors.
To gain more control over the market, allow me to share the latest trading levels.
Gold – XAU/USD – Trading Levels
Key Trading Level: 1335.73
WTI Crude Oil – Trading Levels
Key Trading Level: 62.68
Stay tuned for more updates and forex trading signals.