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Mixed
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High
of clients are net long.
of clients are net short.
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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week
2021-01-18 12:00:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-18 00:00:00
Oil - US Crude
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Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80.
2021-01-19 05:23:00
Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
2021-01-17 04:00:00
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Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises
2021-01-19 04:30:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-18 22:00:00
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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB
2021-01-18 15:00:00
Gold Price Outlook: XAU/USD Rebounds from a 6-Week Low. Now What?
2021-01-18 06:00:00
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British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall
2021-01-19 07:30:00
Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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Crude Snapback Rally Presents Short Opportunity

Crude Snapback Rally Presents Short Opportunity

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Snapback Rally Presents Short Opportunity

Prepared by Jamie Saettele, CMT

Crude snapped back sharply following its break of the tight range and trendline. Price has held the mentioned resistance (10520/70) thus continue to look lower as long as crude is under 10875. The next major support is not until the February low.

Bottom Line (next 5 days) – lower

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

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