Gold & WTI Crude Oil Trading Levels Ending The Week
Gold and Crude Oil prices dipped as the Greenback remained strong following Federal Reserve Chairman Jerome Powell’s remarks that goaded anxieties of faster-than-expected hikes in rate. Today, the investors await his second testimony in front of the Senate Banking Committee. Wondering what to expect from Powell today? Check FX Leaders March 1 – Economic Events Brief.
The OPEC and other oil producing countries seem to fail in controlling the Crude Oil output. Even yesterday, the EIA reported a build of 3M inventories, higher than the -1.6M draw beforehand. Both of the commodities are in attendance of investors.
To gain more control over the market, allow me to share the latest trading levels.
Gold – XAU/USD – Trading Levels
Support Resistance
1323.85 1347.61
1316.51 1354.95
1304.63 1366.83
Key Trading Level: 1335.73
WTI Crude Oil – Trading Levels
Support Resistance
61.54 63.82
60.84 64.52
59.7 65.66
Key Trading Level: 62.68
Stay tuned for more updates and forex trading signals.
Good luck!
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