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
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
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
Bitcoin
Mixed
More View more
Real Time News
  • Japan 20-year bond bid/cover ratio at 3.99 (BBG)
  • My trading video for today: 'Nasdaq Leads the Uneven Risk Advance, $USDJPY Tears Attention from $EURUSD' https://www.dailyfx.com/forex/video/daily_news_report/2020/02/20/Nasdaq-Leads-the-Uneven-Risk-Advance-USDJPY-Tears-Attention-from-EURUSD-.html?ref-author=Kicklighter&CHID=9&QPID=917719
  • Read this thread. https://t.co/T7MdCif6cI
  • Major risk aversion permeating APAC markets with the Japanese Yen surging against the commodity-linked #NZD and #AUD with Asian equities generally in red https://t.co/u4eK8CUoWb
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.26% Silver: 0.02% Gold: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EYr0Prx7LL
  • The $NZD may default back to the dominant downtrend against its US counterpart after a seemingly spirited recovery has ground to a halt. Get your market update from @IlyaSpivak here:https://t.co/LX4J53SnHQ https://t.co/P7X6ziaqbF
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.06% 🇯🇵JPY: -0.08% 🇬🇧GBP: -0.12% 🇳🇿NZD: -0.43% 🇦🇺AUD: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pmjfoHUepL
  • S&P: #Coronavirus impact may double questionable China bank loans -BBG
  • Japan said 2 people who were on the cruise ship off Yokohama died from the #coronavirus, bringing total domestic fatalities from the Wuhan virus to 3 -BBG citing NHK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.26%, while traders in France 40 are at opposite extremes with 85.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2ReikABM3V
Crude Testing Resistance from Late September Highs

Crude Testing Resistance from Late September Highs

2011-10-07 14:46:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

60 Minute Bars

eliottWaves_oil_body_crude.png, Crude Testing Resistance from Late September Highs

Prepared by Jamie Saettele, CMT

“Crude has staged a sharp reversal along with the rest of ‘risk’. The reversal idea is bolstered by RSI divergence on the daily and the fact that the decline from the May high consists of 2 equal waves. At minimum, a bounce is expected. The structure of the advance should offer insight into the staying power of the bull. 8320 is resistance going forward.” The structure of the advance is constructive. That is, the rally is unfolding in an impulsive manner and weakness would present a bullish opportunity. Support is 8110 and 7907.

Trend Strength (M,W,D) – (1), (2), (2)

Latest Video

Weekly Forecast

COT

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

DISCLOSURES

News & Analysis at your fingertips.