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Retail Sales, Philly Fed Index & EIA Report Ahead – Key Levels to Watch

Arslan Butt•Thursday, October 17, 2019•1 min read

What’s up, traders.

The market is likely to exhibit fluctuations in the wake of the busy calendar. The UK Retail Sales, Philly Fed Manufacturing from the US and EIA stockpiles report are likely to drive some price action in the market. Watch out the major trading levels today.

 EUR/USD – Technical Levels 

Support Resistance

1.1036 1.1099

1.0997 1.1124

1.0934 1.1187

Key Trading Level: 1.1061

 USD/JPY – Technical Levels 

Support Resistance

108.58 108.86

108.43 109

108.14 109.28

Key Trading Level: 108.71

 GBP/USD – Technical Levels 

Support Resistance

1.2691 1.2912

1.2563 1.3006

1.2341 1.3228

Key Trading Level: 1.2785

 GOLD – XAU/USD – Technical Levels 

Support Resistance

1480.87 1495.53

1471.63 1500.95

1456.97 1515.61

Key Trading Level: 1486.29

 WTI Crude Oil – Technical Levels 

Support Resistance

52.5 53.71

51.94 54.36

50.73 55.57

Key Trading Level: 53.15

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.

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