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
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/a8XYJHybtN
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/C66zBofenc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6QmJTzlrho
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/8PhqKCpyzf
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Mkxtacawl4
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD https://t.co/NSDM7Ln5sA
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/gAlFxO9Fl4
  • 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
'Risk Off' Favored from Current Levels Before Next Surge

'Risk Off' Favored from Current Levels Before Next Surge

Jamie Saettele, CMT, Sr. Technical Strategist

FXCM Expo Videos

Innovative Techniques with Traditional Technical Indicators

Trading with the Elliott Wave Principle

Seeing the Forest from the Trees: An Analysis of Global Markets

Afternoon Technicals (all charts)

Other TA (crosses, COT, etc.)

“THE MARKET(S)” a.k.a. “RISK” SNAPSHOT - 60 Minute Closes

Risk_Off_Favored_from_Current_Level_Before_Next_Surge__body_all.png, 'Risk Off' Favored from Current Levels Before Next Surge

Prepared by Jamie Saettele, CMT

SPX 500 – Daily Bars

Risk_Off_Favored_from_Current_Level_Before_Next_Surge__body_SPY.png, 'Risk Off' Favored from Current Levels Before Next Surge

Prepared by Jamie Saettele, CMT

This chart is updated from Monday. The text is unchanged. “Most of the correction (rally) is probably complete in price but not time. Slightly more than 50% of the decline has been retraced in just over a week’s time. The decline from the April high consumed 43 days. I’ll dig deeper into the statistics but a quick look at corrective rallies that occur following 5 wave declines from significant tops (1987 and 2007 for example) reveal that the corrective rally tends to consume 1/3 – 1/2 of the time that the decline did. In other words, one would expect the rally from the low to take roughly 14 to 21 days. Projected from the 6/4 low, we get possible topping dates on 6/22 (next Friday) and 7/3.”

SPY ETF – Daily Candles

Risk_Off_Favored_from_Current_Level_Before_Next_Surge__body_SPY_1.png, 'Risk Off' Favored from Current Levels Before Next Surge

Prepared by Jamie Saettele, CMT

This is updated from Friday. Expectations remain for a drop towards the gap in SPY before formation of a B wave low and commencement of a strong C wave rally later in June. In summary, look lower towards 129.50-130 in SPY before turning bullish (measured objective from equality between 2 legs from the top is at 130.28. Equivalent levels are 1292/98 in the S&P index (equality at 1298.38), 12270/12310 in the Dow (equality at 12346.87), and 1275/80 in the S&P futures (September) (equality at 1276.25).

AUDUSD – 60 Minute Bars

Risk_Off_Favored_from_Current_Level_Before_Next_Surge__body_audusd.png, 'Risk Off' Favored from Current Levels Before Next Surge

Prepared by Jamie Saettele, CMT

I’m still playing the risk on/off waves through the AUDUSD (keep it simple, the game is difficult enough). As mentioned Tuesday, “trade with the larger trend but decrease size on weakness at support and increase size on strength at resistance.” The AUDUSD has exceeded its 9965 resistance the last few days but not by much and not for very long. More importantly, the Sunday night high has not been exceeded. The current level / 9980 is resistance and support is 9885/9900 (if a triangle) for today.

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES