Gold & WTI Crude Oil Trading Levels - US Inflation On Radar - Forex News by FX Leaders

Gold & WTI Crude Oil Trading Levels – US Inflation On Radar

Posted Monday, March 12, 2018 by
Arslan Butt • 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

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of