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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
Low
High
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
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qTX1rsmxSM
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:https://t.co/s3i0GDWXpr https://t.co/CD7aQhOG19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in France 40 are at opposite extremes with 71.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rfrl2bsz9S
  • A strong Covid-19 vaccine program reduces risks stemming from the Delta variant. BoE optimism on economic recovery grows. Get your weekly GBP forecast from @JMcQueenFX here: https://t.co/tFxeTpzOQx https://t.co/flH1fOMBin
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: 0.02% Germany 30: -0.03% FTSE 100: -0.04% Wall Street: -0.38% US 500: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tajJT2a5tH
  • NY Fed accepts $1.039 trillion in reverse repo operations $USD $DXY
  • This week cryptocurrencies were on the charge with Bitcoin leading the rally. Get your $BTC market update from @WVenketas here:https://t.co/G5BWHlrhws https://t.co/FtAvB6uP1l
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.59%, while traders in France 40 are at opposite extremes with 71.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oL7THFSaKd
  • US Dollar is fairly mixed across the board of major currency pairs headed into month-end. The DXY Index is little changed on the session as recent selling pressure starts to subside. Get your market update from @RichDvorakFX here:https://t.co/tulCJzZTSF https://t.co/SiicLO9jn3
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.34% Silver: -0.02% Gold: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oaNkpqY2Sy
Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Ilya Spivak, Head Strategist, APAC

Talking Points:

Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

US DOLLAR TECHNICAL ANALYSIS – Prices may be preparing to turn lower after prices put in a Shooting Star candlestick. A daily close below the 50% Fibonacci expansionat 11648 exposes the 38.2% level at 11577. Alternatively, a push above the 61.8% Fib at 11719 opens the door for a challenge of the 76.4% expansion at 11807.

Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Daily Chart - Created Using FXCM Marketscope

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

S&P 500 TECHNICAL ANALYSIS – Prices are attempting to launch a recovery after topping as expected. A break above the 2079.60-94.70 area marked by the December 5 high and the 38.2% Fibonacci expansion exposes the 50% level at 2126.90. Alternatively, a reversal below the 23.6% Fib at 2054.70 targets the 14.6% expansion at 2030.10.

Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Daily Chart - Created Using FXCM Marketscope

GOLD TECHNICAL ANALYSIS – Prices have transitioned into consolidated mode after reclaiming a foothold above the 1200/oz figure. A break back below the 38.2% Fibonacci expansion at 1208.13 aims for rising trend line support at 1181.76. Alternatively, bullish resumption that takes prices through the 50% level at 1220.88 targets the 61.8% Fib at 1233.62.

Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Daily Chart - Created Using FXCM Marketscope

CRUDE OIL TECHNICAL ANALYSIS – Prices found support at the psychologically significant $50/barrel figure, a barrier reinforced by the 61.8% Fibonacci expansion at 49.37. A break below that on a daily closing basis exposes the 76.4% level at 46.00. Alternatively, a turn above the 50% Fib at 52.10 targets the 38.2% expansion at 54.20.

Gold Stalls After Retaking 1200 Mark, SPX 500 Extends Sharp Rebound

Daily Chart - Created Using FXCM Marketscope

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

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.

DISCLOSURES