Aug 20 – 24: Weekly Technical Levels for Gold & WTI Crude Oil

The commodities (gold and oil) are trading in narrow ranges on the back of mixed fundamentals, but not anymore. There is a chance of potential breakout in gold and crude oil in the wake of FOMC Meeting Minutes this week and EIA stockpile report. We will be speaking about the technical setup on gold and oil shortly, but before that, let’s take a quick look at the key trading levels that are worth watching today.

Gold – Key Trading Levels

Support Resistance
1164.2 1199.34
1153.34 1210.2
1135.77 1227.77
Key Trading Level: 1181.77

WTI Crude Oil – Key Trading Levels

Support Resistance
64.73 67.75
63.81 68.67
62.3 70.18
Key Trading Level: 66.24