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.

Free Trading Guides
EUR/USD
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
GBP/USD
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
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • RT @YuanTalks: #China's passenger #car sales slumped 92% y/y in the first half of February due to the #coronavirus outbreak, said the Passe…
  • My trading video for today: 'Dollar's Run Earns $EURUSD, $USDJPY and $AUDUSD Breaks; Nasdaq Fronts Risk Retreat' https://www.dailyfx.com/forex/video/daily_news_report/2020/02/21/Dollars-Run-Earns-EURUSD-USDJPY-and-AUDUSD-Breaks-Nasdaq-Fronts-Risk-Retreat.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/nUMqyxrVag
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.09% 🇯🇵JPY: 0.09% 🇪🇺EUR: 0.07% 🇨🇦CAD: -0.01% 🇦🇺AUD: -0.14% 🇳🇿NZD: -0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4bDhDUCOdq
  • Clear-cut risk aversion (top panel) drawing a more 'standard' response from spot FX today: #AUD and #NZD down, #JPY and #USD up. The Yen failed to capitalize in risk-off trade yesterday. (Chart made with @tradingview) https://t.co/8rXwDRAKha
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.03%, while traders in France 40 are at opposite extremes with 81.31%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wmfa3zAD4U
  • China's MOFCOM: Only half of China's shopping malls are now open -BBG
  • ONLY HALF OF CHINA'S SHOPPING MALLS ARE NOW OPEN ACCORDING TO MOFCOM (BBG) #CORONAVIRUS
  • China Commerce Ministry: #Coronavirus outbreak & New Year holiday lockdown hurt imports and exports. Hit to Q1 trade will be big but bearable.
  • China Commerce Ministry: - Most foreign companies may resume work by end of Feb. - Will expand market access further for foreign firms
  • GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows. Get your currencies update from @ZabelinDimitri here: https://t.co/GpRB7IKhTA https://t.co/I1qwQKCYZV
Crude Testing 20 day Average (Support)

Crude Testing 20 day Average (Support)

2011-02-03 15:57:00
Jsaettele,
Share:

Daily Bars

eliottWaves_oil_2_body_crude.png, Crude Testing 20 day Average (Support)

Prepared by Jamie Saettele

After breaking a short term support line and 88.18, Crude has reversed violently and is again knocking on the door of its 2011 high (made on the first trading day of the year) at 93.51. My larger bias remains bearish as long as price is below 97.83. A daily close below the 20 and 50 day averages would inspire confidence in the downside.

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

DISCLOSURES

News & Analysis at your fingertips.