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
Wall Street
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
  • Is the Eurozone entering into a second debt crisis? Find out here:
  • And the Monday Asia trading session has officially begun. A pair to have on your watch list to kick off early trade: $AUDUSD post head-and-shoulders' neckline (and 200-DMA) breakdown
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more:
  • I know it is a cognitive bias, but it seems that every time I take a day off, there are significant market moves. Dow's tumbled into a 5th straight session Friday with 10-day correlation to Nasdaq most extreme negative in 4 years
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST (12:30GMT) on DailyFX!! - lots to discuss on the back of last week's #Fed Fireworks!
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
Crude Oil Prices May Bounce But Gains Unlikely to Prove Lasting

Crude Oil Prices May Bounce But Gains Unlikely to Prove Lasting

Ilya Spivak, Head Strategist, APAC


  • Crude oil price bounce flounders as sentiment sours once again
  • Gold prices edge higher as bond yields decline in risk-off trade
  • S&P 500 futures hint at cautious recovery in the markets’ mood

Crude oil prices attempted a tepid recovery Thursday following the prior session’s brutal selloff but renewed risk aversion derailed the advance, with the WTI benchmark tracking Wall Street lower to close within a hair of two-month lows. Gold prices edged up as the risk-off mood weighed on bond yields but meaningful follow-through failed to materialize as the US Dollar reclaimed support from haven-seeking flows, as expected.


Looking ahead, a rebound in futures tracking the bellwether S&P 500 index hints that a rebound in risk appetite may be in the cards. Gold prices may turn lower as yields rise against this backdrop, sapping the appeal of non-interest-bearing assets. Crude oil might manage a recovery in the meanwhile. The absence of a resolution on any of investors’ marquee worries is likely to make any such move short-lived however.

See our crude oil forecast to learn what is likely to drive price action through year-end!


Gold prices remain stuck below resistance in the 1235.24-41.64 area. A daily close above that exposes the 1260.80-66.44 region. Alternatively, a turn below resistance-turned-supportin the 1211.05-14.30 zone opens the door for a retest of the September 28 low at 1180.86.

Gold price chart - daily


Crude oil prices are digesting losses after sliding through support set from early February. Sellers now target the 64.26-45 area, with a break below that targeting April’s swing low at 61.84. Alternatively, a bounce back above former support – now in the 66.84-68.71 area – opens the door for a retest of the 70.05-26 region. Recent losses are poised to make good on longer-term topping cues but confirmation is still pending.

Crude oil price chart - daily


--- Written by Ilya Spivak, Currency Strategist for

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.