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
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
Wall Street
More View more
Real Time News
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News

Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News

2019-02-19 06:00:00
Ilya Spivak, Head Strategist, APAC


  • Crude oil prices narrowly pierce resistance, rise to three-month high
  • Gold prices fall short of breakout, chart setup warns of topping ahead
  • Trade war headlines might overshadow EIA drilling data, Fed-speak

Crude oil prices marked time Monday, with participation and conviction understandably in short supply in a session shortened by the US Presidents Day holiday. Gold prices managed to build on Friday’s gains as the US Dollar continued to weaken, boosting the appeal of the standby anti-fiat alternative.


From here, the EIA Drilling Productivity report may stoke oil oversupply worries, signaling that US output continues to swell even as demand prospects fizzle alongside falling global growth projections. Meanwhile, gold will size up comments from typically hawkish Cleveland Fed President Loretta Mester.

The EIA data may apply a bit of pressure on crude prices but a narrative similar to the worried tone of recent IEA and OPEC reports may be mostly priced-in already. Meanwhile, Ms Mester’s remarks might pass without fireworks as markets look ahead to the upcoming release of minutes from January’s FOMC meeting.

On balance, that might see broad-based sentiment trends emerge as the go-to driver for commodities. Bellwether S&P 500 futures are trading flat in Asia Pacific trade however, so a clear lead is absent for now. Incoming headline flow – especially on the trade war front – may be decisive.

US-China trade talks enter another phase this week, with officials from Beijing due in Washington. While the rhetoric has been somewhat upbeat, the Trump administration may be preparing a spoiler by way of raising tariffs on auto imports.

See our guide to learn about the long-term forces driving crude oil prices!


Gold prices set a 10-month high but fell short of breaching resistance at 1326.30, the January 31 high. Negative RSI divergence now hints at ebbing upside momentum, which might precede a downturn. A dense support region capped at 1294.10 is ahead. A daily close below its lower boundary exposes 1276.50 next. Alternatively, a successful push through resistance targets the pivotal 1357.50-66.06 zone next.

Gold price chart - daily


Crude oil prices narrowly edged past resistance marked by the February 4 high at 55.75, seemingly opening the door for a move higher to challenge the 57.96-59.05 area. A further break above that eyes trend line support-turned-resistance set from early 2016, now at 61.66. Alternatively, a convincing reversal back below 55.75 may bring a retest of the 50.15-51.33 zone.

Crude oil price chart - daily


--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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


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.