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.

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
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
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
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in US 500 are at opposite extremes with 71.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Asn1swWh7q
  • Heads Up:🇲🇽 Industrial Production YoY (MAY) due at 11:00 GMT (15min) Expected: -24.3% Previous: -29.3% https://www.dailyfx.com/economic-calendar#2020-07-10
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.29% Gold: 0.15% Oil - US Crude: -2.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4BnbUobwrJ
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.42% 🇪🇺EUR: 0.09% 🇳🇿NZD: 0.08% 🇦🇺AUD: -0.04% 🇨🇭CHF: -0.10% 🇨🇦CAD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wFigkggpWQ
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/Y79noqMYjd
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.32% Germany 30: 0.22% France 40: 0.10% US 500: -0.48% Wall Street: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QApJ84oHnR
  • Yesterday, USD/CHF declined to a near three- months low. Will today’s US PPI numbers at (13:30UK) boost the US dollar price? #USDCHF, #USeconomy, #USD https://t.co/iMm8NARYxe
  • UK 8-year Gilts on the cusp of turning negative..#gilts #sterling @DailyFXTeam https://t.co/ldXS2eYzJl
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/8rwkKVigC4
  • South Africa's Eskom says the possibility that Eskom may be forced to implement loadshedding has increased as the power system is severely constrained $ZAR
Crude Extension Towards 102 Favored

Crude Extension Towards 102 Favored

2012-02-13 22:26:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

240 Minute Bars

eliottWaves_oil_body_crude.png, Crude Extension Towards 102 Favored

Prepared by Jamie Saettele, CMT

The triangle idea put worth last week seems to be on the correct path. “The sideways pattern since November may take the form of a triangle. If so, then expect additional range trading between the current level and 10200 before an upside break (above 10390).” Wave D of the triangle would consist of 2 equal waves at 10208. Expect some resistance at that level.

Bottom Line – flat

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

DISCLOSURES

News & Analysis at your fingertips.