Gold & WTI Crude Key Trade Levels – Trade War Sentiment Lingers!

The ongoing tension between the United States and China is boosting haven demand, especially after the U.S. banned American firms from selling parts and software to China’s ZTE Corp for seven years. In response, the bullion market is trading with bullish sentiments.

On the other hand, crude oil also gained support after the API and EIA both reported a draw in weekly stockpiles. We will discuss it in more detail in our next update but for now, let’s take a look at fresh trading levels for gold and crude oil.

Gold – XAU/USD – Trading Levels

Support     Resistance

1347.3         1357.76

1344.06      1361

1338.83      1366.23

Key Trading Level:    1352.53

WTI – Crude Oil – Trading Levels

Support     Resistance

67.17           68.97

66.62          69.52

65.72          70.42

Key Trading Level:    68.07

Newbies are advised to follow FX Leaders’ Support & Resistance trading strategy to make better use of these positions and stay tuned to FX Leaders for forex trading signals and live market updates. Good luck!