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