Gold & WTI Crude Oil Trading Levels – US Inflation On Radar
As we know, there's a negative correlation between the Dollar and the commodities, GOLD, and Crude...
Arslan Butt•Monday, March 12, 2018•1 min read
As we know, there’s a negative correlation between the Dollar and the commodities, GOLD, and Crude. The commodity market is trading bullish on the weaker dollar. I hope you enjoyed our weekly trading levels of Gold and WTI as the market traded exactly in line with these.
This week, investors’ focus stays on Chinese Industrial production, US Inflation, and SNB’s rate decisions. Read more details in our weekly fundamentals outlook report.
Considering these events, let me share the highly potential trading levels for Gold and WTI Crude Oil.
Gold – XAU/USD – Trading Levels
Support Resistance
1315.4 1337.4
1308.6 1344.2
1297.6 1355.2
Key Trading Level: 1326.4
WTI – Crude Oil – Trading Levels
Support Resistance
60.49 63.03
59.7 63.82
58.43 65.09
Key Trading Level: 61.76
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals