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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
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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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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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2021-01-19 07:30:00
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2021-01-16 22:00:00
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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 Testing Support from Channel and Former Resistance

Crude Testing Support from Channel and Former Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Testing Support from Channel and Former Resistance

Prepared by Jamie Saettele, CMT

Crude took a dive today before bouncing from the confluence of channel support and former resistance. The channel that is drawn is a corrective channel and a break below would suggest that an impulsive decline is underway towards much lower levels. 10250/10300 is resistance.

Bottom Line (next 5 days) – sideways / lower?

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

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