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
Bearish
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.95%, while traders in AUD/JPY are at opposite extremes with 74.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3zQ58dCvZd
  • The price of oil slips to a fresh weekly low ($82.53) amid a larger-than-expected rise in US inventories. Get your #oil market update from @DavidJSong here:https://t.co/tfluc6v7yW https://t.co/rlUGHq9UKv
  • Today's -3% drop is the biggest slide for crude oil since August 4th, but it doesn't turn the technical trend for the commodity at least until the 20-day SMA gives way. $CL_F https://t.co/UKBKX45Z1F
  • The S&P 500 declined sharply into the closing bell, with $ES closing on session lows $ES_F $SPX $SPY https://t.co/I7P0oOKqk2
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.01% Germany 30: -0.13% France 40: -0.22% US 500: -0.44% Wall Street: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iLp3nl078Y
  • #Sterling Technical Forecast: $GBPUSD Coils at 52-Week Moving Average - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2021/10/27/Sterling-Technical-Forecast-GBP-USD-Coils-at-52-Week-Moving-Average-British-Pound-Outlook-MBTS10.html https://t.co/HMF0AqA1Q8
  • The BOC's rate decision today proved as hawkish as forecasts insinuate. Most interesting pair for this was $GBPCAD where it is hawkish expectation vs hawkish expectation https://t.co/yh3fDNYiKZ
  • WTI continues to retreat, down over 2.5% on the day and currently trading just north of $82 $CL_F https://t.co/GmtrXNH1Hf
  • USD strength present throughout the NY session, but the US Dollar Index continues to find stiff resistance at the 94 level $USD $DXY https://t.co/nZFjtFbG4O
  • Euro is down more than 0.2% against the US Dollar since the start of the week with EUR/USD trading just above support heading into the European Central Bank interest rate decision tomorrow. Get your $EURUSD market update from @MBForex here:https://t.co/a9tikztYFj https://t.co/uztfGSoYvW
FOREX Technical Analysis: EUR/USD Support Zone Holds on Late Day Test

FOREX Technical Analysis: EUR/USD Support Zone Holds on Late Day Test

Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

FOREX_Technical_Analysis_EURUSD_Support_Zone_Holds_on_Late_Day_Test_body_eurusd.png, FOREX Technical Analysis: EUR/USD Support Zone Holds on Late Day Test

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: A yearlong bottoming pattern has been confirmed as complete and the first EURUSD objective isn’t until above 13800 (61.8% of decline from 2011 high and where the rally from the 2012 low would consist of 2 equal legs). The late day selloff found support where one would expect, at former congestion (13247/67). The black line is the 5 day average, which tends to hold on a closing basis in extremely strong trends. In other words, it’s possible that the decline from 13403 is complete.

FOREX Trading Strategy: I’m long from 13275. 13150-13200 is estimated support (50%-61.8% retracements of rally from 1/4 low). Given the significance of the longer term bottoming pattern, I’m willing to stay bullish as long as price is above 13100.

LEVELS: 13152 13200 13247 13330 13380 13403

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

DISCLOSURES