News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9%
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech

Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech

Ilya Spivak, Head Strategist, APAC

Talking Points:

Crude oil prices paused to consolidate amid a lull in top-tier news flow, as expected. The weekly API inventory flow report is now in focus. Official EIA statistics due on Wednesday ae expected to show a 1.7 million barrel drawdown and this release will be judged against that baseline. A larger outflow is likely to boost prices while a smaller one (or even an unexpected build) are likely to send them downward.

Gold prices turned lower as markets digested risk aversion triggered Friday following news that Special Counsel Robert Mueller subpoenaed the Trump campaign. A speech from Fed Chair Janet Yellen is now in focus. She might be more candid having announced her departure from the central bank after Jerome Powell takes over in February and traders will keen to glean any new insights about the 2018 policy outlook.

What are the forces driving long-term crude oil price trends? See our free guide to find out!

GOLD TECHNICAL ANALYSISGold prices slumped back into a familiar congestion range after testing resistance near 1297.74, the 38.2% Fibonacci retracement. From here, breaching the 38.2% Fib expansionat 1269.10 on a daily closing basis exposes the 1257.69-60.80 area (October 6 low, 50% expansion). Alternatively, a push above 1297.74 sees the next upside hurdle in the 1306.04-9.15 region (October 16 high, 50% retracement).

Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech

Chart created using TradingView

CRUDE OIL TECHNICAL ANALYSISCrude oil prices stalled after bouncing to retest support-turned-resistance at 56.82. A daily close above this barrier opens the door for a challenge of the 57.72-92 area (23.6% Fibonacci expansion, November 8 high). Alternatively, a turn back below the 23.6% Fib retracement at 55.01 exposes the 38.2% threshold at 53.21.

Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech

Chart created using TradingView

--- Written by Ilya Spivak, Currency Strategist for

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.