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
  • 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
  • Nasdaq 100 is not sure whether it wants to close at a record high, but the NDX-SPX ratio has jumped sharply today on the tech index's 0.9% rally https://t.co/fUMvv9mtZ8
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.33% Silver: 0.05% Oil - US Crude: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1qRqMHuB6V
Gold Price Bounces from Breakdown Line

Gold Price Bounces from Breakdown Line

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Gold Price Bounces from Breakdown Line

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Pay attention to RSI, which has been coiling since November. The length of the momentum coil indicates a great deal of stored energy and the potential for an explosive move.”

-The latest attempt on the upside failed (RSI failed at its own trendline), which keeps the broader move sideways to down. Of note as well is a possible head and shoulders pattern. Gold has bounced from the breakdown level but a rally above the 6/29 high is needed in order to shift focus higher.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

DISCLOSURES